StoneCo (STNE) IPO Opens Sharply Higher

Today's IPO for StoneCo (NASDAQ: STNE) opened for trading at $32 after pricing 50,724,638 shares of its Class A common shares at a public offering price of $24.00 per share.

In connection with the Offering, certain shareholders have granted the underwriters a 30-day option to purchase up to an additional 7,608,695 shares of Class A common shares at the initial public offering price less the underwriting discount.

Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC and Citigroup Global Markets Inc. are acting as Global Coordinators in this offering, and Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, Citigroup Global Markets Inc., Itau BBA USA Securities, Inc., Credit Suisse Securities (USA) LLC, Morgan Stanley & Co. LLC, BofA Merrill Lynch and Banco BTG Pactual S.A.–Cayman Branch are collectively acting as Bookrunners in the offering.

Stone is a leading provider of financial technology solutions that empower merchants and integrated partners to conduct electronic commerce seamlessly across in-store, online, and mobile channels in Brazil.

You May Also Be Interested In

• UK’s EG Group reportedly files for US IPO worth about $1 billion
• F5 appoints ex-Commonwealth Bank CIO Gavin Munroe to its board
• After-Hours Stock Movers: FDX, CBRS, NKE