PagSeguro Digital Ltd. (PAGS) to Raise $1.7 Billion in IPO

PagSeguro Digital Ltd. (PAGS) plans to raise $1.7 billion in an initial public offering on Wednesday, January 24th, IPO Scoop reports. The company plans to issue 92,100,000 shares at $17.50-$20.50 per share.

In the last year, PagSeguro Digital Ltd. generated $638.3 million in revenue and $101.2 million in net income. The company has a market cap of $5 billion.

Goldman Sachs and Morgan Stanley served as the underwriters for the IPO and BofA Merrill Lynch, Bradesco BBI, Credit Suisse, Deutsche Bank Securities, Itaú BBA and J.P. Morgan were co-managers.

PagSeguro Digital Ltd. provided the following description of their company for its IPO: “We are a disruptive provider of financial technology solutions focused primarily on Micro-Merchants, Small Companies and Medium-Sized Companies, or SMEs, in Brazil. Among our peers, we are the only financial technology provider in Brazil whose business model covers all of the following five pillars: Multiple Digital payment solutions In-person payments via POS devices that we sell to clients Free digital accounts Issuer of prepaid cards to clients for sending or withdrawing account balances Operating as an acquirer “.

PagSeguro Digital Ltd. was founded in 2006 and has 1020 employees. The company is located at Av. Brigadeiro Faria Lima, 1384, 4º andar, parte A, São Paulo, SP, 01451-001, Brazil and can be reached via phone at +55 11 3038 8127 or on the web at http://www.pagseguro.uol.com.br.

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