- VTEX intends to list its Class A common shares on the New York Stock Exchange (NYSE) under the symbol “VTEX”;
- The company revealed in the prospectus that it saw a 56% growth in revenues in the first quarter.
The company’s offering would consist of 19 million Class A common shares priced between $15 and $17 each. At the top end of the range, the IPO would fetch $323 million.
About 5.1 million of those shares are being offered by the selling shareholders, the proceeds of which will not go to the company, VTEX said.
VTEX started its operations in Brazil in 2000, set up its first overseas office in 2013 and expanded into the United States in 2017. Its platform allows customers to execute their commerce strategy, including building online stores and managing orders.
The company has customers in over 32 countries, including Japan’s Sony, Nestle and McDonald’s.
It was valued at $1.7 billion after a funding round in September and also counts Tiger Global, Lone Pine Capital and Constellation among its investors.