StoneCo, a Brazilian cloud-based online payment processor, filed on Monday with the SEC to raise up to $100 million in an initial public offering. The deal size is likely a placeholder.
The São Paulo, Brazil-based company was founded in 2012 and booked $268 million in revenue for the 12 months ended June 30, 2018. It plans to list on the Nasdaq under the symbol STNE. Goldman Sachs, J.P. Morgan, Citi, Itau BBA, Credit Suisse, Morgan Stanley, BofA Merrill Lynch and BTG Pactual are the joint bookrunners on the deal. No pricing terms were disclosed.
