MercadoLibre, Inc. Announces Closing of Follow-on Offering
March 15 2019 - 4:30PM
MercadoLibre, Inc. (NASDAQ: MELI), Latin America’s leading
e-commerce technology company, today announced the closing of its
previously announced underwritten public offering of approximately
US$1.15 billion of common stock at a public offering price of $480
per share, which includes the exercise in full of the underwriters’
option to purchase $150 million of additional shares of common
stock.
The Company today also announced the closing of its $750 million
concurrent private offering of common stock to PayPal, and expects
to close its previously announced offering of $100 million
Preferred Stock to Dragoneer on or prior to March 29, 2019,
resulting in a total offering of $2 billion.
Goldman Sachs, J.P. Morgan and Morgan Stanley are acting as
joint bookrunners for the public offering.
An automatically effective registration statement relating to
these securities was filed with the Securities and Exchange
Commission on March 11, 2019. The offering was made only by means
of an effective shelf registration statement, including a
prospectus supplement and the accompanying prospectus, copies of
which may be obtained from Goldman Sachs & Co. LLC, Attention:
Prospectus Department, 200 West Street, New York, NY 10282,
telephone: (866) 471-2526 or email:
prospectusny@ny.email.gs.com, J.P. Morgan Securities LLC,
Attention: Broadridge Financial Solutions, 1155 Long Island Avenue,
Edgewood, NY 11717, email: prospectus-eq_fi@jpmchase.com or Morgan
Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick
Street, 2nd Floor, New York, NY 10014.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of
these securities in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction.
About MercadoLibre
MercadoLibre hosts the largest online commerce and payments
ecosystem in Latin America. Its efforts are centered on enabling
e-commerce and digital and mobile payments on behalf of its
customers by delivering a suite of technology solutions across the
complete value chain of commerce. The company is present in 18
countries, including: Argentina, Brazil, Mexico, Colombia, Chile,
Venezuela and Peru. Based on unique visitors and page views,
MercadoLibre is the market leader in each of the major countries
where it is present.
Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of 1995
and other federal securities laws. Any statements contained herein,
which do not describe historical facts, including, but not limited
to, statements regarding the anticipated use of proceeds of the
offering are forward-looking statements that involve risks and
uncertainties that could cause actual results to differ materially
from those discussed in such forward-looking statements. Unless
required by law, MercadoLibre, Inc. undertakes no obligation to
publicly update or revise any forward-looking statements to reflect
circumstances or events after the date hereof.
Contact:
MercadoLibre, Inc.Investor
Relationsinvestor@mercadolibre.comhttp://investor.mercadolibre.com
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