Arco (ARCE) IPO Opens 40% Higher

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Go back to Arco (ARCE) IPO Opens 40% Higher

Arco Platform Limited Announces Pricing of its Initial Public Offering on the Nasdaq Global Select Market

September 25, 2018 10:37 PM EDT

NEW YORK, Sept. 25, 2018 (GLOBE NEWSWIRE) -- Arco Platform Limited, or Arco (Nasdaq: ARCE), today announced that it priced its initial public offering of 11,111,111 Class A common shares at a public offering price of US$17.50.  Arco has also granted the underwriters a 30-day option to purchase up to 1,666,666 additional Class A common shares at the initial public offering price less underwriting discounts and commissions.

The Class A common shares are expected to begin trading on the Nasdaq Global Select Market on September 26, 2018 under the symbol ARCE.  The offering is expected to... More