[April 18, 2017] |
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Netshoes Announces Closing of its Initial Public Offering on the New York Stock Exchange
Netshoes (Cayman) Limited ("Netshoes") (NYSE: NETS), a Latin
American e-commerce platform, today announced the closing of its initial
public offering (IPO) of 8,250,000 common shares on the New York Stock
Exchange (NYSE) at a public offering price of US$18.00 per common share.
The common shares began trading on the NYSE on April 12, 2017 under the
symbol "NETS" and Netshoes raised net proceeds of US$138,847,500.00 from
this offering. Immediately after this offering, Netshoes will have
31,025,936 outstanding common shares.
Netshoes has granted the underwriters a 30-day option to purchase up to
1,237,500 additional common shares at the IPO price less the
underwriting discount.
Goldman, Sachs & Co., J.P. Morgan Securities LLC, Banco Bradesco BBI
S.A., Allen & Company LLC and Jefferies LLC served as joint book-running
managers for the offering.
A registration statement related to the initial public offering has been
filed with the U.S. Securities and Exchange Commission and was declared
effective on April 11, 2017. The offering is being made solely by means
of the written prospectus forming part of the effective registration
statement. A copy of the final prospectus related to the offering may be
obtained from:
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Goldman, Sachs & Co. - Prospectus Deprtment, 200 West Street, New
York, NY 10282, Telephone: 1-866-471-2526, Facsimile: 212-902-9316,
Email: prospectus-ny@ny.email.gs.com
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J.P. Morgan Securities LLC - Broadridge Financial Solutions, Attn:
David Mittler, 1155 Long Island Ave, Edgewood, NY 11717, Telephone:
866-803-9204, Email: prospectus-eq_fi@jpmchase.com
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Banco Bradesco BBI S.A.- 450 Park Ave, 32nd Floor, New York NY, 10022,
Attention: Isabela Behar, Telephone: 212-888-9142, Facsimile:
212-308-4669, Email: Isabela.behar@bradescobbi.com
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Allen & Company LLC - Prospectus Department, 711 Fifth Avenue, New
York, NY 10022, 10th Floor, Telephone: 212-339-2220, Email: dweidlein@allenco.com
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Jefferies LLC - Attention: Equity Syndicate Prospectus Department, 520
Madison Avenue, 2nd Floor, New York, NY 10022, Telephone:
877-821-7388, Email: Prospectus_Department@Jefferies.com
This press release does not constitute an offer to sell or a
solicitation of an offer to buy the securities described herein, nor
shall there be any sale of these securities in any state or jurisdiction
in which such an offer, solicitation, or sale would be unlawful prior to
registration or qualification under the securities laws of any such
jurisdiction.
About Netshoes
Netshoes is the leading sports and lifestyle online retailer in Latin
America and one of the largest online retailers in the region, with
operations in Brazil, Argentina, and Mexico. Through the websites
Netshoes and Zattini, as well as through partner-branded store sites it
manages, Netshoes offers customers a wide selection of products and
services for sports, fashion and beauty. Netshoes recently started to
provide B2B operations to partner suppliers, and launched its online
third-party marketplace across all of its sites.

View source version on businesswire.com: http://www.businesswire.com/news/home/20170418006472/en/
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