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Stock impact report

Vasta Platform Limited Announces Closing of Initial Public Offering

Vasta Platform Limited - Class A Ordinary Shares (VSTA) 
Company Research Source: GlobeNewswire
SAO PAULO, Brazil, Aug. 04, 2020 (GLOBE NEWSWIRE) -- Vasta Platform Limited (NASDAQ: VSTA) today announced the closing of its initial public offering of 18,575,492 of its Class A common shares at a public offering price of $19.00 per share. Vasta estimates the net proceeds to it from the offering to be approximately US$333.5 million, after deducting underwriting discounts and commissions (before expenses). The shares began trading on the Nasdaq Global Select Market on July 31, 2020, under the symbol “VSTA”. In connection with the offering, Vasta has granted the underwriters a 30-day option from July 30, 2020, to purchase up to an additional 2,786,323 Class A common shares at the initial public offering price less the underwriting discount. Goldman Sachs & Co. LLC, BofA Securities, Inc., Morgan Stanley & Co. LLC and Itau BBA USA Securities, Inc. are acting as Global Coordinators in this offering, and Goldman Sachs & Co. LLC, BofA Securities, Inc., Morgan Stanley & Co. LLC, Itau BBA Show less Read more
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