Mobly’s $150 Million Initial Public Offering

Mobly's $150 Million Initial Public Offering

Skadden, Arps, Slate, Meagher & Flom LLP advised a syndicate of banks comprising Morgan Stanley, Bradesco BBI, Itaú BBA and Goldman Sachs & Co. LLC in the initial public offering.

Raising gross proceeds of approximately US$150 million, the transaction comprised a primary issuance of shares by Mobly S.A. and a secondary sale of shares by home24, the company’s publicly traded controlling shareholder that is a leading pure play home & living e-commerce platform in continental Europe.

This transaction is further example of the continued strength of the Brazilian equity capital markets into 2021. With US$8.5bn of IPO proceeds in 2020, Brazil’s IPO market was the second largest in the Americas region and most active in Latin America. 

Mobly S.A. is one of the three leading pure play home & living retailers in Brazil, with the goal of transforming the way people shop for their homes offering an omnichannel shopping experience and a vast product offering with the use of data driven technology.

The Skadden team leading the deal in São Paulo included Capital Markets partner Mathias von Bernuth (Picture), regional counsel Jonathan Lewis and local associate Vitor Horta. The team also included New York Tax partner Victor Hollender and associate Ryan Rott.

Involved fees earner: Victor Hollender – Skadden Arps Slate Meager & Flom; Vitor Horta – Skadden Arps Slate Meager & Flom; Jonathan Lewis – Skadden Arps Slate Meager & Flom; Ryan Rott – Skadden Arps Slate Meager & Flom; Mathias von Bernuth – Skadden Arps Slate Meager & Flom;

Law Firms: Skadden Arps Slate Meager & Flom;

Clients: Bradesco BBI; Goldman Sachs & Co.; Itaú BBA USA Securities; Morgan Stanley;

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