Davis Polk Advises StoneCo Ltd. on Its Initial Public Offering, NASDAQ Listing and Concurrent Private Placement

Davis Polk advised StoneCo Ltd. on its $1.4 billion initial public offering of 58,333,333 shares of Class A common stock, which includes the full exercise of the underwriters’ option to purchase additional shares. The shares of Class A common stock are listed on the NASDAQ Global Select Market under the symbol “STNE.” In addition, Davis Polk advised StoneCo Ltd. on its $100 million private placement of 4,166,666 shares of Class A common stock to Ant Financial. 

Based in São Paulo, Brazil, StoneCo is a leading provider of financial technology solutions that empower merchants and integrated partners to conduct electronic commerce seamlessly across in-store, online, and mobile channels in Brazil.

The Davis Polk capital markets team included partners Byron B. Rooney and Maurice Blanco and associates Elliot M. de Carvalho, Heita Miki, Grecia Barboza and Richard Corbett. The executive compensation team included partner Veronica M. Wissel and associate Charlotte R. Fabiani. The tax team included partner William A. Curran and associate Elina Khodorkovsky. Members of the Davis Polk team are based in the New York, London and São Paulo offices.