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Stock impact report

DEALTALK-Brazilian IPOs get into a New York state of mind [Reuters]

PagSeguro Digital Ltd. Class A Common Shares (PAGS) 
Last pagseguro digital ltd. class a common shares earnings: 2/27 05:11 pm Check Earnings Report
US:NYSE Investor Relations: investors.pagseguro.com
Company Research Source: Reuters
DEALTALK-Brazilian IPOs get into a New York state of mind | Reuters Reuters Staff 6 Min Read (For more Reuters DEALTALKS, click on) By Tatiana Bautzer and Carolina Mandl SAO PAULO, March 1 (Reuters) - When it comes to Brazilian initial public offerings (IPOs), geography sometimes still matters even in a globalized world. For example, Brazilian credit card services company PagSeguro Digital Ltd, which commanded a $6.8 billion valuation when it went public on the New York Stock Exchange (NYSE) in January, surpassed its bankers’ wildest expectations. The forecast-beating flotation was mostly due to parent company Universo Online SA’s (UOL) decision to skip the local Sao Paulo exchange run by B3 SA Brasil Bolsa BalcALo in favor of a market where companies in the fintech space fetch a better premium, people close to the deal say. The decision underscores how Latin American bourses - long dominated by traditional companies like banks, consumer goods makers, telecoms and commodities plays - Show less Read more
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