Davis Polk advised Vasta Platform Limited in connection with its SEC-registered initial public offering of an aggregate of 18,575,492 Class A common shares, at a price per Class A common share of $19.00. The initial public offering raised gross proceeds of $352.9 million. The Class A common shares are listed on the Nasdaq Global Select Market under the symbol “VSTA.”
Headquartered in São Paulo, Brazil, Vasta is a leading, high-growth education company in Brazil powered by technology, providing end-to-end educational and digital solutions that cater to the needs of private schools operating in the K-12 educational segment for the benefit of students, parents, educators, administrators and private school owners.
The Davis Polk capital markets team included Manuel Garciadiaz and Drew Glover. The tax team included Ethan R. Goldman, M. Jared Sanders, Daniel L. Jose and Bree Gong. Adam Kaminsky and Kerri Thompson provided executive compensation advice. Sijia Cai provided 1940 Act advice. Members of the Davis Polk team are based in the São Paulo, New York, Northern California and Washington DC offices.