Brazil's PagSeguro considers IPO in New York

Brazil's PagSeguro considers IPO in New York

Chamber Articles Category: Industry News Post Date: 12/05/17 Source: Reuters By: Tatiana Bautzer, Peter Cooney and Mary Milliken
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Brazilian payment processor PagSeguro Internet Ltda is considering an initial public offering in the first quarter of 2018 in New York, two people with knowledge of the matter told Reuters.

PagSeguro, which provides online and mobile payment services for Brazilian companies, has been in talks with Goldman Sachs & Co for an IPO since earlier this year.

PagSeguro’s controlling shareholder, Brazilian media group Universo Online SA (UOL), is deciding whether to list the company on the New York Stock Exchange or Nasdaq, the sources added, requesting anonymity because discussions are private. Read Full Article