The Firm represented the underwriters, led by JPMorgan and Merrill Lynch, in connection with the initial public offering of 18,488,762 shares of common stock (including the over-allotment option, which was fully exercised concurrently with closing) by MercadoLibre and 72 of its shareholders, for a total of approximately $330 million. MercadoLibre's common stock trade on NASDAQ, under the symbol “MELI”.
MercadoLibre is a Delaware corporation with all of its operations in Latin America. It is the largest online trading platform in the region and market leader in e-commerce in each of Argentina, Brazil, Chile, Colombia, Ecuador, Mexico, Peru, Uruguay and Venezuela.
The Simpson Thacher team for the transaction included Todd Crider, Grenfel S. Calheiros and Fermín Caride; Mark Lab and Sean Cotton (NASD); Jon Cantor and Sean Austin (Tax); and Dennis Corkery (paralegal). Summer associate Bill Langer also provided valuable assistance.