Davis Polk advised StoneCo Ltd. on its $1.495 billion follow-on offering of 31,481,250 Class A common shares, which includes 4,106,250 shares from the full exercise of the underwriters’ option to purchase additional shares. Stone’s Class A common shares are listed on the Nasdaq Global Select Market under the symbol “STNE.”
Stone is a leading provider of financial technology solutions that empower merchants to conduct commerce seamlessly across multiple channels.
The Davis Polk capital markets team included partners Byron B. Rooney and Maurice Blanco and associates Heita Miki and Stephen M. Rettger. The tax team included partner William A. Curran and associate Elina Khodorkovsky. Associate Brantley Hawkins provided 1940 Act advice. All members of the Davis Polk team are based in the New York office.