StoneCo (STNE) to Offer $1B in Stock in Follow-On Offering
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StoneCo Ltd. Announces Launch of Proposed Follow-on Offering of Class A Common Shares
August 11, 2020 5:59 PM EDTGEORGE TOWN, Grand Cayman, Aug. 11, 2020 (GLOBE NEWSWIRE) -- StoneCo Ltd. (Stone or the Company) today announced that it has launched a proposed follow-on public offering of $1.0 billion of its Class A common shares, which are being offered by the Company (the Offering) pursuant to an effective shelf registration statement on file with the Securities and Exchange Commission (the SEC). In connection with the offering, the Company has granted the underwriters the option to purchase up to $150 million of additional Class A common shares.
Stones Class A common shares are listed on the Nasdaq Global Market under the ticker symbol STNE.
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