UPDATE 1-Brazil education firm Vasta shares fall more than 10% after debut [Reuters]
Vasta Platform Limited - Class A Ordinary Shares (VSTA)
Company Research
Source: Reuters
UPDATE 1-Brazil education firm Vasta shares fall more than 10% after debut (Adds shares reverse course) July 31 (Reuters) - Shares of Vasta Platform, a unit of Brazilian for-profit education company Cogna Educacao SA , reversed early gains to fall more than 10% after its Nasdaq debut on Friday. Vasta’s shares opened at $22.10, but hit a low of $17.00 in early trade. The company sold more than 18 million shares at $19.00 per share and raised $352.9 million, which it plans to use to mainly repay part of the debt owed to Cogna and fund expansion. Vasta, which sells digital solutions for K-12 private schools, had initially aimed to sell the shares at between $15.50 and $17.50 per share. Vasta will join two other Brazilian education companies, Arco Platform Ltd and Afya Ltd on the Nasdaq. Brazilian distance learning company Uniasselvi, which has private equity firms Carlyle Group Inc, Neuberger Berman LLC and Vinci Partners as shareholders, is also working on an IPO on the Nasdaq. (Reporti
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VSTA
News
- Vasta Platform Limited to Report First Quarter 2024 Financial Results on May 08, 2024Business Wire
- Vasta Platform Full Year 2023 Earnings: Misses Expectations [Yahoo! Finance]Yahoo! Finance
- Vasta Platform (NASDAQ:VSTA) Will Be Hoping To Turn Its Returns On Capital Around [Yahoo! Finance]Yahoo! Finance
- Vasta Platform Limited (NASDAQ:VSTA) Q4 2023 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Vasta Announces Fourth Quarter 2023 ResultsBusiness Wire
VSTA
Sec Filings
- 4/19/24 - Form 20-F
- 4/10/24 - Form SC
- 4/9/24 - Form SC
- VSTA's page on the SEC website