Renaissance Capital logo

Vitru Priced, Nasdaq: VTRU

Provides online and tutored post-secondary education services in Brazil.

Industry: Consumer Discretionary

Latest Trade: $13.76 0.00 (0.0%)

First Day Return: 0.0%

Return from IPO: -14.0%

Industry: Consumer Discretionary

We are the leading pure distance learning education group in the postsecondary digital education market in Brazil based on the number of enrolled undergraduate students as of December 31, 2018, according to the latest available data published in September 2019 by the Brazilian Ministry of Education (Ministério da Educação), or the MEC. We provide a complete pedagogical ecosystem focused on hybrid digital education experience for undergraduates and continuing education. We provide course offerings in over 200 subjects through our Virtual Learning Environment, or VLE, which is delivered in multiple formats (videos, eBook, podcasts and html text, among others). Our model also incorporates in-person weekly meetings hosted by our tutors who are mostly local working professionals in the subject area they teach. We have approximately 3,600 tutors who were all hired and trained by us in order to ensure they meet our quality requirements. We believe that this unique tutor-centered learning experience sets us apart, creating a stronger sense of community and belonging and contributing to higher engagement and retention rates of our student base.
more less
IPO News for Vitru
more
IPO Data
IPO File Date 08/24/2020
Offer Price $16.00
Price Range $16.00 - $18.00
Offer Shares (mm) 6.0
Deal Size ($mm) $96
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 09/17/2020
Offer Price $16.00
Price Range $16.00 - $18.00
Offer Shares (mm) 6.0
Deal Size ($mm) $96
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
more
Company Data
Headquarters Santa Catarina, Brazil
Founded 1999
Employees 6,324
Website www.vitru.com.br