StoneCo Ltd. Announces Launch of Proposed Follow-on Offering of Class A Common Shares
August 11 2020 - 5:59PM
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.
Stone’s Class A common shares are listed on the Nasdaq Global
Market under the ticker symbol “STNE.”
Stone intends to use the net proceeds from the offering of the
shares to finance the pending acquisition of Linx S.A., and to pay
related fees and expenses, as well as for general corporate
purposes. If for any reason the acquisition of Linx S.A. is not
consummated, Stone intends to use the net proceeds from the
offering of the shares for general corporate purposes.
J.P. Morgan Securities LLC, Morgan Stanley and Citigroup Global
Markets Inc. are acting as Global Coordinators in this
offering.
The public offering will be made pursuant to an automatically
effective registration statement on Form F-3 that has been filed
with the SEC. A prospectus supplement and accompanying base
prospectus relating to and describing the final terms of the
offering will be available on the SEC’s website located at
www.sec.gov or from J.P. Morgan Securities LLC, c/o
Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood,
New York 11717, telephone: 1-866-803-9204; Morgan Stanley & Co.
LLC, Attention: Prospectus Department, 180 Varick Street, 2nd
Floor, New York, New York 10014; or Citigroup Global Markets Inc.,
c/o Broadridge Financial Solutions, 1155 Long Island Avenue,
Edgewood, New York 11717, or by phone at 1-800-831-9146.
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 Stone
We are 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.
Contact
Investor Relations
investors@stone.co
https://investors.stone.co/
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