Bombshell on the front lines of e-commerce, VTEX debuts on the New York Stock Exchange, the New York Stock Exchange (NYSE). The Brazilian multinational provider of a digital trading platform offered 19 million class A shares at a price of US$15 to US$17 each.
However, at the beginning of the trading session, which took place on July 21, 2021, the shares were priced at US$ 19 each. In other words, the company's shares appreciated, staying above the estimated range. Find out more then!
VTEX debuts on the NEW YORK EXCHANGE RAISING $361 MILLION
With the aforementioned 19 million shares at US$ 19 each, VTEX raised US$ 361 million. In addition, a supplemental lot with just over 2,8 million shares could yield another $54 million.
The Initial Public Offering (IPO) gives VTEX, based on the outstanding shares listed on the registry, a market value of approximately US$3,6 billion.
HOW VTEX WILL USE THE NYSE LISTING
According to the co-CEO of VTEX, Geraldo Thomaz, the list of shares on the NYSE will help the multinational in several aspects, such as:
- Provide greater reliability for the business;
- Transform the company into a showcase for new talents;
- Increase visibility on the global stage, which today is the multinational's greatest ambition.
Furthermore, in addition to continuing to increase its presence in Europe and the US, VTEX aims to continue progressing in Latin America, where it intends to become the backbone of e-commerce.
In 2020, VTEX recorded revenue of US$99 million, a 135% jump compared to 2019, according to CNN Brasil Business . The company has more than 2.500 clients in 32 countries, including Miess , Sony, Pirelli, Costume , Nestlé, and Avon, among others, who together sold more than US$8 billion last year.
As soon as you can, click on “ VTEX purchase Suiteshare ”.
