Davis Polk advised the global coordinators and bookrunners in connection with the public offering by PagSeguro Digital Ltd. and Universo Online S.A., as selling shareholder, of an aggregate of 37,950,000 Class A common shares of PagSeguro at a price per Class A common share of $29.25 (including the full exercise of the underwriters’ overallotment option). The public offering raised gross proceeds of $1.1 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 and Lourenco Lopes-Sabino. The tax team included William A. Curran 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.