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Vasta Platform Priced, Nasdaq: VSTA

Brazilian provider of K-12 school curriculum solutions being spun out of Cogna.

Industry: Consumer Discretionary

Latest Trade: $14.10 0.00 (0.0%)

First Day Return: -0.8%

Return from IPO: -25.8%

Industry: Consumer Discretionary

We are a leading, high-growth education company in Brazil powered by technology, providing end-to-end educational and digital solutions that cater to all needs of private schools operating in the K-12 educational segment, ultimately benefiting all of our stakeholders, including students, parents, educators, administrators and private school owners. We have built a “Platform as a Service,” or PaaS, with two main modules. Our Content & EdTech Platform combines a multi-brand and tech-enabled array of high-quality core and complementary education solutions with digital and printed content through long-term contracts with partner schools. We characterize revenue associated with these arrangements as subscription revenue given the renewable and predictable nature of the revenue associated with these contracts. Our emerging Digital Platform will unify our partner schools’ entire administrative ecosystem, enabling them to aggregate multiple learning strategies, helping them to focus on education, and promoting client and revenue growth to allow them to become more profitable institutions. We believe our experience, high-quality education system and life-long learning solutions have helped us establish market-leading brands that are well-known both locally and nationally.
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IPO News for Vasta Platform
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IPO Data
IPO File Date 07/06/2020
Offer Price $19.00
Price Range $15.50 - $17.50
Offer Shares (mm) 18.6
Deal Size ($mm) $353
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 07/30/2020
Offer Price $19.00
Price Range $15.50 - $17.50
Offer Shares (mm) 18.6
Deal Size ($mm) $353
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
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Company Data
Headquarters São Paulo, Brazil
Founded 1966
Employees 1,956
Website www.vastaedu.com.br