The Firm has represented Netshoes (Cayman) Limited (“Netshoes”) in connection with its initial public offering, the first single listing of a Brazilian based company in the United States. The offering, which comprised 8,250,000 common shares (“Shares”), was listed on the New York Stock Exchange and raised a total of US$148.5 million in gross proceeds. Goldman, Sachs & Co., J.P. Morgan Securities LLC, Banco Bradesco BBI S.A., Allen & Company LLC and Jefferies LLC acted as joint bookrunning managers for the offering.
Netshoes is the leading sports and lifestyle online retailer in Latin America and one of the largest online retailers in the region, with operations in Brazil, Argentina and Mexico. Netshoes’ Shares are listed under the trading symbol of “NETS.”
The Simpson Thacher team was led by Grenfel S. Calheiros and S. Todd Crider, and included Paulo Fernando Cardoso, Tosca Augustin and Marcelo B. Lorenzen (Capital Markets – São Paulo); and Jasmine Hay (Tax – New York).