Davis Polk advised the global coordinators and bookrunners in connection with the initial public offering by PagSeguro Digital Ltd. and Universo Online S.A., as selling shareholder, of an aggregate of 121,193,388 Class A common shares of PagSeguro at a price per Class A common share of $21.50 (including the full exercise of the underwriters’ overallotment option). The initial public offering raised gross proceeds of $2.6 billion. The Class A common shares are listed on the New York Stock Exchange under the symbol “PAGS.”

PagSeguro is a provider of financial technology solutions focused primarily on micro-merchants, small companies and medium-sized companies in Brazil. PagSeguro is controlled by the UOL Group, a Brazilian web content, products and services provider.

The Davis Polk capital markets team included Manuel Garciadiaz, Konstantinos Papadopoulos, Lourenço Lopes-Sabino and Adela Troconis. The tax team included Kathleen L. Ferrell and James Manzione. Marcie A. Goldstein provided FINRA advice. Members of the Davis Polk team are based in the São Paulo and New York offices.