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FT Partners Advises Stone on its $1,400,000,000 IPO

Overview of Transaction

  • On October 25, 2018, StoneCo Ltd. (Nasdaq: STNE) priced its IPO at $24 per share, raising approximately $1.4 billion
  • High-profile new and existing investors participating in the IPO include Berkshire Hathaway, T. Rowe Price, Madrone Capital Partners, and Ant Financial
  • Due to strong demand, the deal priced above the initial $21 - $23 filing range
  • Stone is a leading provider of FinTech solutions that empower merchants and integrated partners to conduct electronic commerce seamlessly across in-store, online, and mobile channels in Brazil
  • Founded in only 2014, São Paulo-based Stone has quickly grown to serve over 230,000 active clients with a focus on SMBs
  • Within the first half of 2018, the Company processed over $9 billion of transactions and posted revenue of $171 million and net income of $24 million

Significance of Transaction

  • Stone’s IPO is among the largest FinTech IPOs ever
  • Demonstrates strong investor appetite for high growth FinTech companies globally
  • Further supports FT Partners’ continued success advising leading FinTech companies

FT Partners' Role

  • FT Partners served as exclusive IPO Advisor to Stone on this transaction
  • FT Partners also advised Stone on its $145 million Series G financing in September 2017 as well as its $100 million private placement with Ant Financial, which occurred concurrently with the IPO
  • FT Partners leveraged its deep industry knowledge, extensive transaction expertise, and broad scope of relationships to achieve a highly favorable outcome for Stone