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0.000862812769628941 0.00483175150992237 0 0.00776531492666096 0.00776531492666096 0.00776531492666096 0.00776531492666096 0.00776531492666096
Stock impact report

Brazil's PagSeguro rallies 34 percent in New York debut [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
Brazil's PagSeguro rallies 34 percent in New York debut | Reuters 2 Min Read SAO PAULO, Jan 24 (Reuters) - Shares of Brazilian card processing firm PagSeguro Digital Ltd soared 34 percent in their debut on the New York Stock Exchange on Wednesday, pushing its market capitalization to $8.8 billion, nearly 40 percent of main rival Cielo SA. PagSeguro’s initial public offering on Tuesday was more than 10 times oversubscribed, according to a person with knowledge of the matter. The transaction is expected to reach $2.7 billion with the sale of additional allotments of shares, making it Brazil’s biggest IPO since April 2013. PagSeguro’s shares rallied to $28.87 in early afternoon trading in New York, up from the IPO price of $21.50 price on Tuesday. Investors are optimistic about the growth prospects for Brazil’s credit card industry as Latin America’s largest economy pulls out of a deep recession. The buoyant valuation is a good sign for other credit card processing firms that are expecte Show less Read more
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