StoneCo (STNE) to Offer $1B in Stock in Follow-On Offering

StoneCo Ltd. (NASDAQ: STNE) 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 pursuant to an effective shelf registration statement on file with the Securities and Exchange Commission. 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.

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