Vitru Ltd

Vitru Ltd (VTRU) priced its initial public offering on Sep 21, 2020, and listed on Nasdaq Global Select. Goldman Sachs was lead-left underwriter, joined by BofA Securities, Morgan Stanley and Bradesco BBI and others. Davis Polk and Maples and Calder advised the company and White & Case and Conyers Dill & Pearman advised the underwriters.

Vitru Ltd is a Brazilian provider of pure distance learning in postsecondary education. It offers courses in over 200 subjects through a Virtual Learning Environment in multiple formats, supplemented by weekly in-person meetings led by about 3,600 tutors it hired and trained.

Status

IPO

Ticker

VTRU

Exchange

Nasdaq Global Select

Priced

Sep 21, 2020

First filed

Aug 24, 2020

Underwriters

Goldman Sachs, BofA Securities, Morgan Stanley, Bradesco BBI, BTG Pactual, Credit Suisse, Santander and XP

Company counsel

Davis Polk and Maples and Calder

Underwriters' counsel

White & Case and Conyers Dill & Pearman

Sector

Business services

Country / state

Brazil