Dotz’s R$390.7 Million Initial Public Offering

Simpson Thacher represented Dotz S.A. in the transaction.

Dotz S.A. (“Dotz”) executed its initial public offering on the São Paulo Stock Exchange (B3) at a public offering price of R$13.20 per common share. The offering raised R$390.7 million in gross proceeds (excluding the underwriters’ over-allotment option) to Dotz.

The common shares were offered to certain institutional investors in Brazil, to qualified institutional buyers in the United States under Rule 144A and to non-U.S. persons outside the United States in reliance upon Regulation S. Dotz’s common shares began trading on the B3 under the ticker symbol “DOTZ3” on May 31, 2021.

Dotz developed an ecosystem in which millions of consumers make transactions and payments through more than 5,000 points of sale by means of its offline (grocery stores, drugstores, gas stations, restaurants, among others) and online (marketplace) partnerships. Consumers are rewarded with Dotz points (Loyalty) deposited in their digital wallets (TechFin).

The Simpson Thacher team was led by Grenfel S. Calheiros (Picture) and Paulo F. Cardoso and included Winnie Y. Loureiro and Raissa Fini (Capital Markets); and Jonathan Cantor and Suzy Yaster (Tax).

Involved fees earner: Grenfel Calheiros – Simpson Thacher & Bartlett; Jonathan Cantor – Simpson Thacher & Bartlett; Paulo Fernando de Menezes Cardoso – Simpson Thacher & Bartlett; Raissa Fini – Simpson Thacher & Bartlett; Winnie Loureiro – Simpson Thacher & Bartlett; Susan Yaster – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

Clients: Dotz;