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STNE News

US IPO Weekly Recap: Billion-dollar StoneCo IPO pops 30% despite market turmoil

STNE

The markets sold off, but IPOs continued to get done, with four deals raising $1.5 billion. High-growth Brazilian payments company StoneCo (STNE) even priced its $1.1 billion offering above the range, and then flew up 30%. Cooler company...read more

StoneCo prices IPO at $24, above the range

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StoneCo, a Brazilian payment processor focused on small and medium-sized businesses, raised $1.1 billion by offering 47.7 million shares at $24, above the range of $21 to $23. StoneCo plans to list on the Nasdaq under the symbol STNE. Goldman Sachs, J.P....read more

US IPO Week Ahead: Yeti coolers and a billion-dollar payments company lead 5-IPO week

STNE

Five IPOs and one SPAC are scheduled to raise $1.7 billion in the week ahead. The price cuts and postponements this past week showed that IPO buyers are in firm control. StoneCo (STNE) is aiming to raise $1.05 billion in the year's ninth...read more

Brazilian online payment processor StoneCo sets terms for $1.1 billion US IPO

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StoneCo, a Brazilian cloud-based online payment processor, announced terms for its IPO on Tuesday. The São Paulo, Brazil-based company plans to raise $1.05 billion by offering 47.7 million shares (14% insider) at a price range of $21 to $23....read more