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ARCE - IPO Update: Vasta Platform Pursues $306 Million U.S. IPO
Arco Platform Limited
Quick Take
Vasta Platform (VSTA) has filed to raise $306 million from the sale of its Class A common stock in an IPO, according to an amended registration statement.
The company provides education content and administrative technology solutions to K-12 partner schools in Brazil.
Vasta has performed well but is exposed to the growing effects of the Covid-19 pandemic and, for U.S. investors, the continued depreciation of the Real against the dollar, so I'll watch this IPO from the sidelines.
Company & Technology
Sao Paulo, Brazil-based Vasta was founded to build two