Vitru Limited Announces Closing of Initial Public Offering
Vitru Limited, a Brazilian distance learning education group, has completed its initial public offering of 6 million common shares, priced at $16.00 per share. The shares began trading on the Nasdaq under the symbol VTRU since September 18, 2020. The offering includes a 30-day option for underwriters to purchase an additional 900,000 shares. Major financial institutions involved in this offering include Goldman Sachs, BofA Securities, Itau BBA, and Morgan Stanley. Copies of the final prospectus are available through these institutions.
- Initial public offering of 6 million shares at $16.00 per share.
- Potential for additional capital with a 30-day option for underwriters to purchase 900,000 shares.
- None.
FLORIANÓPOLIS, Brazil, Sept. 22, 2020 (GLOBE NEWSWIRE) -- Vitru Limited (“Vitru”), a Brazilian distance learning education group company, today announced the closing of its initial public offering of 6,000,000 of its newly-issued common shares pursuant to a registration statement on Form F-1 filed with the U.S. Securities and Exchange Commission (“SEC”) at a public offering price of
In connection with the offering, Vitru has granted the underwriters a 30-day option to purchase up to an additional 900,000 common shares at the initial public offering price, less underwriting discounts and commissions.
Goldman Sachs & Co. LLC, BofA Securities, Itau BBA USA Securities, Inc. and Morgan Stanley acted as Global Coordinators in this offering, and Goldman Sachs & Co. LLC, BofA Securities, Itau BBA USA Securities, Inc., Morgan Stanley, Banco Bradesco BBI S.A., Banco BTG Pactual S.A.—Cayman Branch, Credit Suisse Securities (USA) LLC, Santander Investment Securities Inc. and XP Investments US, LLC collectively acted as bookrunners of this offering.
Copies of the final prospectus related to the offering may be obtained from Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200 West Street, New York, New York 10282, telephone: 1-866-471-2526, facsimile: 212-902-9316 or by emailing prospectus-ny@ny.email.gs.com; BofA Securities, NC1-004-03-43, 200 North College Street, 3rd floor, Charlotte NC 28255-0001, Attention: Prospectus Department, or by emailing dg.prospectus_requests@bofa.com; Itaú BBA, 540 Madison Avenue 24th Floor, New York, New York 10022, Attention: Equity Sales Desk, telephone: 1-212-710-6756 or by emailing roadshowdesk@itaubba.com; or Morgan Stanley, Attention: Prospectus Department, 180 Varick Street, Second Floor, New York, New York 10014.
A registration statement on Form F-1 relating to these securities was filed with, and declared effective by, the SEC. Copies of the registration statement can be accessed through the SEC’s website at www.sec.gov.
Contact: Investor Relations Department
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