Credit: Shutterstock photoStoneCo, a Brazilian payment processor focused on small and medium-sized businesses, raised $1.1 billion by offering 47.7 million shares at $24, above the range of $21 to $23. StoneCo plans to list on the Nasdaq under the symbol STNE. Goldman Sachs, J.P. Morgan, Citi, Itau BBA, Credit Suisse, Morgan Stanley, BofA Merrill Lynch and BTG Pactual acted as lead managers on the deal.
The article StoneCo prices IPO at $24, above the range originally appeared on IPO investment manager Renaissance Capital's web site renaissancecapital.com.
Investment Disclosure: The information and opinions expressed herein were prepared by Renaissance Capital's research analysts and do not constitute an offer to buy or sell any security. Renaissance Capital's Renaissance IPO ETF (symbol: IPO) , Renaissance International ETF (symbol: IPOS) , or separately managed institutional accounts may have investments in securities of companies mentioned.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
