Vitru Ltd. (VTRU) IPO Opens Modestly Higher

Vitru Ltd. (NASDAQ: VTRU) IPO opens at $16.25 after pricing 6,000,000 shares at $16.

Goldman Sachs & Co. LLC, BofA Securities, Itau BBA USA Securities, Inc. and Morgan Stanley are acting as Global Coordinators in this offering, and Goldman Sachs & Co. LLC, BofA Securities, Itau BBA USA Securities, Inc., Morgan Stanley, Banco Bradesco BBI S.A., Banco BTG Pactual S.A.—Cayman Branch, Credit Suisse Securities (USA) LLC, Santander Investment Securities Inc. and XP Investments US, LLC are collectively acting as bookrunners of this offering.

VTRU is a Brazilian distance learning education group company.

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