Boa Vista Completes Initial Public Offering on the São Paulo Stock Exchange (B3)
10.05.20
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The Firm represented Boa Vista Serviços S.A. (“Boa Vista”) and certain selling shareholders in connection with the initial public offering of Boa Vista on the São Paulo Stock Exchange (B3) at a public offering price of R$12.20 per common share. The offering raised R$2.17 billion in gross proceeds (excluding the underwriters’ over-allotment option) to Boa Vista and the selling shareholders.
The common shares were offered to certain qualified institutional buyers under Rule 144A in the United States and to non-U.S. persons outside the United States in reliance upon Regulation S. Boa Vista’s common shares began trading on the B3 under the ticker symbol “BOAS3” on September 30, 2020.
Boa Vista is one of the largest companies operating in the sector of data management and analysis in Brazil in terms of net revenue, with the highest growth rate in the sector in the last five years. Evolving from a traditional credit bureau, Boa Vista has been doing business in the Brazilian market for over 60 years, and is currently present in all states.
The Simpson Thacher team included Grenfel S. Calheiros, Jaime Mercado, Luiz F. Noronha, Siddharth Fresa and Alexandre Portnoi (Capital Markets); and Jonathan Cantor and Abigail Hopper (Tax).