Stone Co. Ltd’s $790 Million Secondary Offering


Davis Polk & Wardwell, Mattos Filho, Veiga Filho, Marrey Jr. e Quiroga and Pinheiro Neto advised on the transaction

StoneCo Ltd. (NASDAQ:STNE) priced a follow-on offering of 19,500,000 of its Class A common shares at a public offering price of $40.50 per share. The shares are being offered by certain selling shareholders pursuant to a registration statement on Form F-1 filed with the U.S. Securities and Exchange Commission. The offering is expected to close on April 5, 2019. In connection with the offering, certain shareholders have granted the underwriters a 30-day option to purchase up to an additional 2,925,000 Class A common shares at the public offering price less the underwriting discount. Stone will not receive any proceeds from the offering.

Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC and Citigroup Global Markets Inc. are acting as Global Coordinators in this offering.

Davis Polk & Wardwell advised Stone Co Ltd. with Byron B. Rooney, Maurice Blanco, Veronica M. Wissel, William A. Curran, Sarah E. Kim, Elliot M. de Carvalho, Heita Miki, Roderick G. Miller, Charlotte R. Fabiani and Elina Khodorkovsky.

Mattos Filho, Veiga Filho, Marrey Jr. e Quiroga advised Stone Co Ltd. with Jean Marcel Arakawa, Larissa Lancha Alves de Oliveira Arruy, Elisa Fachin Soares Lemos, Felipe Rezende Kachan and Julia Sousa Gonçalves de Araujo.

Pinheiro Neto advised Goldman Sachs & Co. LLC , J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC and Citigroup Global Markets Inc. with Guilherme Sampaio Monteiro (Picture), Raphael Palmieri Salomão, Cristina Liu and Francisca de Almeida Silva Pereira.

Involved fees earner: Maurice Blanco – Davis Polk & Wardwell; William Curran – Davis Polk & Wardwell; Elliot de Carvalho – Davis Polk & Wardwell; Charlotte Fabiani – Davis Polk & Wardwell; Elina Khodorkovsky – Davis Polk & Wardwell; Sarah Kim – Davis Polk & Wardwell; Heita Miki – Davis Polk & Wardwell; Roderick Miller – Davis Polk & Wardwell; Byron Rooney – Davis Polk & Wardwell; Veronica Wissel – Davis Polk & Wardwell; Jean Marcel Arakawa – Mattos Filho Veiga Filho Marrey Jr & Quiroga; Elisa Fachin Soares Lemos – Mattos Filho Veiga Filho Marrey Jr & Quiroga; Larissa Lancha Alves de Oliveira Arruy – Mattos Filho Veiga Filho Marrey Jr & Quiroga; Felipe Rezende Kachan – Mattos Filho Veiga Filho Marrey Jr & Quiroga; Julia Sousa Gonçalves de Araujo – Mattos Filho Veiga Filho Marrey Jr & Quiroga; Cristina Liu – Pinheiro Neto; Raphael Palmieri Salomao – Pinheiro Neto; Guilherme Sampaio Monteiro – Pinheiro Neto;

Law Firms: Davis Polk & Wardwell; Mattos Filho Veiga Filho Marrey Jr & Quiroga; Pinheiro Neto;

Clients: Citigroup Global Markets Ltd; Goldman Sachs & Co.; JP Morgan Securities; Morgan Stanley; StoneCo Ltd.;

Author: Ambrogio Visconti