Vasta Platform Limited (VSTA) IPO Opens 16% Higher

Today's IPO for Vasta Platform Limited (NASDAQ: VSTA) opened for trading at $22.10 after pricing 18,575,492 shares of its Class A common shares at a public offering price of $19 per share.

In connection with the offering, Vasta has granted the underwriters a 30-day option to purchase up to an additional 2,786,323 Class A common shares at the initial public offering price less the underwriting discount.

Goldman Sachs & Co. LLC, BofA Securities, Inc., Morgan Stanley & Co. LLC and Itau BBA USA Securities, Inc. are acting as Global Coordinators in this offering, and Goldman Sachs & Co. LLC, BofA Securities, Inc., Morgan Stanley & Co. LLC, Itau BBA USA Securities, Inc., UBS Investment Bank and Banco Bradesco BBI S.A. are acting as Joint Bookrunners of this Offering.

Vasta is a leading, high-growth education company in Brazil powered by technology, providing end-to-end educational and digital solutions that cater to all needs of private schools operating in the K-12 educational segment, ultimately benefiting all of Vasta's stakeholders, including students, parents, educators, administrators and private school owners. Vasta's mission is to help private K-12 schools to be better and more profitable, supporting their digital transformation. Vasta believes they are uniquely positioned to help schools in Brazil undergo the process of digital transformation and bring their education skill-set to the 21st century. Vasta promotes the unified use of technology in K-12 education with enhanced data and actionable insight for educators, increased collaboration among support staff and improvements in production, efficiency and quality.

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