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