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PagSeguro Digital closes follow-on offering

Brazil-based PagSeguro Digital Ltd. closed a follow-on public offering of its selling shareholder, Universo Online S/A, for an aggregate amount of about $653.3 million.

UOL, as the selling shareholder is known, divested 16,750,000 shares in PagSeguro Digital and gave the underwriters a 30-day option to purchase up to 2,512,500 additional shares.

Following the offering, PagSeguro Digital will have a total of 328,834,268 common shares, of which 179,963,407 shares will be Class A common shares. This is equivalent to a free float of 54.7%, assuming no exercise of the underwriters' option.