Netshoes (Cayman) Limited’s $147 Million Initial Public Offering


Simpson Thacher & Bartlett, Campbells, Mattos Filho, Veiga Filho, Marrey Jr. e Quiroga, Cleary Gottlieb Steen & Hamilton and Pinheiro Neto have advised on the transaction

Netshoes (Cayman) Limited (“Netshoes”) (NYSE:NETS), a Latin American e-commerce platform, today announced the closing of its initial public offering (IPO) of 8,250,000 common shares on the New York Stock Exchange (NYSE) at a public offering price of US$18.00 per common share. The common shares began trading on the NYSE on April 12, 2017 under the symbol “NETS” and Netshoes raised net proceeds of US$138,847,500.00 from this offering. Immediately after this offering, Netshoes will have 31,025,936 outstanding common shares.

Netshoes has granted the underwriters a 30-day option to purchase up to 1,237,500 additional common shares at the IPO price less the underwriting discount.

Goldman, Sachs & Co., J.P. Morgan Securities LLC, Banco Bradesco BBI S.A., Allen & Company LLC and Jefferies LLC served as joint book-running managers for the offering.

Simpson Thacher & Bartlett has advised Netshoes with Grenfel S. Calheiros (Picture), S. Todd Crider, Rob Holo, Paulo Fernando Cardoso, Tosca Augustin, Marcelo B. Lorenzen and Jasmine Hay.

Campbells has advised Netshoes with Alan Craig and Richard Spencer.

Mattos Filho, Veiga Filho, Marrey Jr. e Quiroga Advogados has advised Netshoes with Jean Marcel Arakawa, Mariana Pollini Lopes and Luccas Augusto Adib.

Cleary Gottlieb Steen & Hamilton has advised Goldman, Sachs & Co., J.P. Morgan Securities LLC, Banco Bradesco BBI S.A., Allen & Company LLC and Jefferies LLC with Nicolas Grabar (Picture), Francesca Odell, Paul Marquardt, Mary Alcock, Richard Bidstrup, Erin Langley, Sarah Crandall, Natalie Farmer, Beau Sterling y Josiah Child, James Corsiglia, Elizabeth Chang, Erik Alves, Carolina Cardoso Ramalho and Elisa Sielski.

Pinheiro Neto Advogados has advised Goldman, Sachs & Co., J.P. Morgan Securities LLC, Banco Bradesco BBI S.A., Allen & Company LLC and Jefferies LLC with Fernando Zorzo, Guilherme Sampaio Monteiro and Gabriela Conte Viotto.

Involved fees earner: Alan Craig – Campbells; Richard Spencer – Campbells; Jean Marcel Arakawa – Mattos Filho Veiga Filho Marrey Jr & Quiroga; Mariana Pollini Lopes – Mattos Filho Veiga Filho Marrey Jr & Quiroga; Luccas Augusto Nogueira Adib Antonio – Mattos Filho Veiga Filho Marrey Jr & Quiroga; Fernando Zorzo – Pinheiro Neto; Guilherme Sampaio Monteiro – Pinheiro Neto; Grenfel Calheiros – Simpson Thacher & Bartlett; Todd Crider – Simpson Thacher & Bartlett; Paulo Fernando de Menezes Cardoso – Simpson Thacher & Bartlett; Tosca Augustin – Simpson Thacher & Bartlett; Marcelo Lorenzen – Simpson Thacher & Bartlett; Robert Holo – Simpson Thacher & Bartlett; Jasmine Hay – Simpson Thacher & Bartlett; Nicolás Grabar – Cleary Gottlieb Steen & Hamilton; Francesca Odell – Cleary Gottlieb Steen & Hamilton; Erin Langley – Cleary Gottlieb Steen & Hamilton; Sarah Crandall – Cleary Gottlieb Steen & Hamilton; Beau Sterling – Cleary Gottlieb Steen & Hamilton; Elizabeth Chang – Cleary Gottlieb Steen & Hamilton; Erik Alves – Cleary Gottlieb Steen & Hamilton; Paul Marquardt – Cleary Gottlieb Steen & Hamilton; James Corsiglia – Cleary Gottlieb Steen & Hamilton; Mary Alcock – Cleary Gottlieb Steen & Hamilton; Richard Bidstrup – Cleary Gottlieb Steen & Hamilton; Natalie Farmer – Cleary Gottlieb Steen & Hamilton; Josiah Child – Cleary Gottlieb Steen & Hamilton;

Law Firms: Campbells; Mattos Filho Veiga Filho Marrey Jr & Quiroga; Pinheiro Neto; Simpson Thacher & Bartlett; Cleary Gottlieb Steen & Hamilton;

Clients: Goldman, Sachs & Co.; Jefferies; JP Morgan Securities; Banco Bradesco BBI S.A.; Allen & Company LLC; Netshoes (Cayman) Limited;

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Author: Ambrogio Visconti.