StoneCo Ltd. Announces Pricing of Initial Public Offering

StoneCo Ltd. Announces Pricing of Initial Public Offering

SÃO PAULO, Brazil, Oct. 25, 2018 (GLOBE NEWSWIRE) — StoneCo Ltd. (“Stone”) today announced the pricing of its initial public offering of 50,724,638 shares of its Class A common shares at a public offering price of $24.00 per share. Stone is issuing and selling 45,818,182 shares of Class A common shares and certain selling shareholders are selling an additional 4,906,456 shares of Class A common shares. The shares are expected to begin trading on the Nasdaq Global Market today, October 25, 2018, under the symbol “STNE” and the offering is expected to close on October 29, 2018. In connection with the Offering, certain shareholders have granted the underwriters a 30-day option to purchase up to an additional 7,608,695 shares of Class A common shares at the initial public offering price less the underwriting discount.