The Firm has represented VTEX in connection with its initial public offering and single listing on the NYSE. The primary and secondary offering, which comprised 21,850,000 class A common shares (“Shares”), including 2,850,000 Shares relating to the exercise of the overallotment option, raised a total of US$415.2 million in gross proceeds. VTEX shares began trading on the NYSE on June 22, 2021 under the ticker symbol “VTEX.”
J.P. Morgan Securities LLC, Goldman, Sachs & Co. and BofA Securities, Inc. acted as global coordinators and KeyBanc Capital Markets Inc., Morgan Stanley & Co. LLC and Itau BBA USA Securities, Inc. acted as joint bookrunners for the offering.
Founded in Brazil, VTEX is a leading software-as-a-service digital commerce platform for enterprise brands and retailers. Its platform enables over 2,000 customers across 32 countries to execute their commerce strategy, including building online stores, integrating and managing orders across channels, and creating marketplaces to sell products from third-party vendors. VTEX’s Shares are listed under the trading symbol of “VTEX.”
The Simpson Thacher team was led by Grenfel S. Calheiros and S. Todd Crider, and included Paulo F. Cardoso, Siddharth Fresa and Alexandre Portnoi (Capital Markets – São Paulo and New York); and Jonathan E. Cantor and Suzy Yaster (Tax – New York).