The Latin American online sports and lifestyle retailer began trading on the NYSE under the symbol “NETS” today. The company offered 8,250,000 common shares at a price of $18.00, representing an aggregate offering of $148.5 million, with a 1,237,500 share overallotment. Goldman, Sachs, J.P. Morgan, Banco Bradesco, Allen & Company and Jefferies served as joint book-running managers for the offering. NETS shares closed down 10% at $16.10.
Netshoes, headquartered in the Cayman Islands, is one of the largest online retailers in Latin American with operations in Brazil, Argentina, and Mexico. It operates the retail websites Netshoes and Zattini where it sells ... Log in to view full article.