Afya Ltd

Afya Ltd (AFYA) priced its initial public offering on Jul 19, 2019 at $19.00 per share, raising $261.1M, and listed on Nasdaq Global Select. At the IPO price its market capitalization was about $1.67B. Goldman Sachs was lead-left underwriter, joined by UBS, Morgan Stanley and BTG Pactual and others. Davis Polk and Maples and Calder advised the company and Cleary Gottlieb advised the underwriters.

Afya Ltd is a medical education group in Brazil serving students from medical school through residency preparation, graduate programs and continuing medical education. Its undergraduate and graduate campuses are spread across 12 Brazilian states, and it also offers a digital medical platform.

Status

IPO

Ticker

AFYA

Exchange

Nasdaq Global Select

Priced

Jul 19, 2019

IPO price

$19.00

Raised

$261.1M

Market cap at IPO price

$1.67B

First filed

Jun 24, 2019

Underwriters

Goldman Sachs, UBS, Morgan Stanley, BTG Pactual and XP

Company counsel

Davis Polk and Maples and Calder

Underwriters' counsel

Cleary Gottlieb

Sector

Business services

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.