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DASA Completes “Re-IPO” on the São Paulo Stock Exchange (B3)

04.12.21

The Firm represented Diagnósticos da América S.A. (“DASA”) in connection with its “re-IPO” on the São Paulo Stock Exchange (B3) at a public offering price of R$58 per common share. The offering raised R$3.3 billion in gross proceeds (excluding the underwriters’ over-allotment option) to DASA.

The common shares were offered to certain institutional investors in Brazil, to qualified institutional buyers in the United States under Rule 144A, and to non-U.S. persons outside the United States in reliance upon Regulation S. DASA’s common shares are traded on the B3 under the ticker symbol “DASA3.”

DASA is a Brazilian health ecosystem, operating an integrated health network that provides a superior health experience to users every day by delivering high-quality healthcare services, focused on four pillars: people-centered ecosystem, diversity, learning and integrity.

The Simpson Thacher team included Grenfel S. Calheiros, Luiz F. Noronha, Winnie Y. Loureiro and Alexandre Portnoi (Capital Markets); and Kelli Rivers and Beatriz Capeloa Gil (Tax).