Secondary Stock OfferingsBy The Online Investor Staff, updated Sat., Sep. 19, 8:20 AM
|This Slide: #23 of 25|
Slide #23. Arco Platform Limited — Secondary Offering
Arco Platform Limited (NASDAQ:ARCE)
Date of Pricing:
Price Per Share:
Secondary Offering Details:
Arco Platform Limited, or Arco (Nasdaq: ARCE), announced today the commencement of an underwritten public offering of 5,200,000 Class A common shares to be issued by Arco. In connection with the offering, Arco has granted the underwriters an option to purchase up to 780,000 of additional Class A common shares. -updated 9/9- Arco Platform Limited, or Arco (Nasdaq: ARCE), announced today that it priced an underwritten public offering of 2,500,000 Class A common shares to be issued by Arco at a public offering price of US$44.80. In connection with the offering, Arco has granted the underwriters an option to purchase up to 375,000 of additional Class A common shares.
Arco Platform is a holding company. Through its subsidiaries, Co. provides a pedagogical system to deliver educational content to private schools in Brazil. Co.'s curriculum solutions provide educational content in both printed and digital formats delivered through its platform to improve the learning process. Co.'s segments are: Core Curriculum, which comprises content solutions that are designed to address the Ministry of Education's national K-12 curriculum requirements through a personalized and interactive learning experience; and Supplemental Solutions, which are comprised of additional content for which partner schools can opt in as an addition to its Core Curriculum.
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Buy (3.33 out of 4)
(ranked higher than approx. 56% of all stocks covered)
Based on Zacks ABR data;
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