PagSeguro Digital Ltd., which owns Brazilian payment processor Pagseguro Internet SA, has filed a registration statement with the U.S. Securities and Exchange Commission for an initial public offering of its class A common shares.
The proposed maximum aggregate offering price is US$100 million, estimated solely to calculate the registration fee, according to a Form-F1 filing. The offering also includes an undisclosed amount of class A common shares being sold by Universo Online S/A, PagSeguro's controlling shareholder.
PagSeguro Digital was incorporated in Cayman Islands on July 19. Its operating company, Pagseguro Internet, provides transaction processing services to customers through credit cards, bank transfers, payment slips, and their PagSeguro account balance. The company has applied to list its shares on the NYSE under the symbol PAGS.
The company plans to use the proceeds from the offering to fund future acquisitions and investments in businesses, technologies or products, to finance its working capital and for other general corporate purposes. It will not receive any proceeds from the sale of common shares by the selling shareholder.
Goldman Sachs & Co. LLC, Morgan Stanley & Co. LLC, Credit Suisse (USA) Securities LLC, Deutsche Bank Securities Inc., J.P. Morgan Securities LLC and Merrill Lynch Pierce Fenner & Smith Inc. are acting as joint book runners of this offering.