Netshoes, which is a leading shoe, fashion and beauty online retailer in Brazil, raised $149 million by offering 8.3 million shares at $18, the low end of the range of $18 to $20. Netshoes plans to list on the NYSE under the symbol NETS. Goldman Sachs, J.P. Morgan, Bradesco BBI, Allen & Company and Jefferies acted as lead managers on the deal.
The article Netshoes prices IPO at $18, the low end of the range originally appeared on IPO investment manager Renaissance Capital's web site renaissancecapital.com.
Investment Disclosure: The information and opinions expressed herein were prepared by Renaissance Capital's research analysts and do not constitute an offer to buy or sell any security. Renaissance Capital, the Renaissance IPO ETF (symbol: IPO) or the Global IPO Fund (symbol: IPOSX) , may have investments in securities of companies mentioned.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.