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Arco Platform prices IPO at $17.50, the high end of the range

September 26, 2018

Arco Platform, which provides turnkey curriculum solutions to private schools in Brazil, raised $194 million by offering 11.1 million shares at $17.50, the high end of the range of $15.50 to $17.50. Arco Platform plans to list on the Nasdaq under the symbol ARCE. Goldman Sachs, Morgan Stanley, Itau BBA, BofA Merrill Lynch, Allen & Company, BTG Pactual and UBS Investment Bank acted as lead managers on the deal.