PagSeguro sets terms ahead of IPO

PagSeguro sets terms ahead of IPO

Capital Markets Equity IPO Brazil

PagSeguro Digital has set terms ahead of pricing a potential IPO on the NYSE, according to a securities filing with the SEC. The Brazilian payment processor could raise more than $2bn in a primary and secondary stock sale, should it exercise overallotment options and price the IPO at the top of a suggested range. Underwriters are selling 43.3m Class A common shares and UOL, the selling shareholder, is offloading 48.82m of its own Class A common stock. Leads also have the option to sell a further

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