Arco (ARCE) IPO Opens 40% Higher

Today's IPO for Arco Platform Limited (NASDAQ: ARCE) opened for trading at $24.50 after pricing 11,111,111 Class A common shares at $17.50.

Arco has also granted the underwriters a 30-day option to purchase up to 1,666,666 additional Class A common shares at the initial public offering price less underwriting discounts and commissions.

Goldman Sachs & Co. LLC, Morgan Stanley & Co. LLC, Itau BBA USA Securities, Inc. and Merrill Lynch, Pierce, Fenner & Smith Incorporated are acting as Global Coordinators and as representatives of the underwriters in this initial public offering and Goldman Sachs & Co. LLC, Morgan Stanley & Co. LLC, Itau BBA USA Securities, Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated, Allen & Company LLC, Banco BTG Pactual S.A.–Cayman Branch and UBSSecurities LLC are collectively acting as underwriters in this initial public offering.

Arco’s mission is to transform the way students learn by delivering high-quality education at scale through technology to private primary and secondary schools. It provides educational content in printed and digital formats through its platform.

Arco delivers high-quality education to private primary and secondary schools through a complete pedagogical system to enhance students’ learning experiences. Its educational platform solutions comprise core K-12 curricula, as well as supplemental instructional content currently focused on English as a second language.

Arco provides a complete suite of turnkey curriculum solutions and technology-enabled features to help its students, teachers, partner schools and parents. It targets the students’ educational success by offering online student assessments, an app for school-parent communications, adaptive learning, a teachers training program and management tools.

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