Davis Polk Advises Vitru Limited on Its Nasdaq Initial Public Offering

Davis Polk advised Vitru Limited in connection with its initial public offering of an aggregate of 6,000,000 common shares of Vitru at a price per common share of $16. The initial public offering raised gross proceeds of $96 million. The common shares are listed on the Nasdaq Global Select Market under the symbol “VTRU.”

Vitru’s mission is to democratize access to education in Brazil through a digital ecosystem and empower every student to create their own success story. It provides a complete pedagogical ecosystem focused on a hybrid digital education experience for undergraduates and continuing education.

The Davis Polk capital markets team included Manuel Garciadiaz, Konstantinos Papadopoulos and Lourenco Lopes-Sabino. The tax team included Mario J. Verdolini and Tomislava Dragicevic. Sijia Cai provided 1940 Act advice. Members of the Davis Polk team are based in the São Paulo and New York offices.