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Get schooled: Brazilian medical education group Afya files for a $100 million US IPO

June 24, 2019
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Afya, a Brazilian for-profit medical and healthcare education group, filed on Monday with the SEC to raise up to $100 million in an initial public offering.

The Nova Lima, Brazil-based company was founded in 1999 and booked $417 million in revenue for the 12 months ended March 31, 2019. It plans to list on the Nasdaq under the symbol AFYA. Morgan Stanley, BTG Pactual and XP Investimentos are the joint bookrunners on the deal. No pricing terms were disclosed.