VTEX Announces Launch of Initial Public Offering

NEW YORK & LONDON & SAO PAULO--(BUSINESS WIRE)--VTEX (NYSE: VTEX), the enterprise digital commerce platform for premier brands and retailers, today announced that it has launched the initial public offering of 19,132,077 Class A common shares, consisting of 13,875,000 Class A common shares offered by VTEX and 5,257,077 Class A common shares offered by certain selling shareholders, pursuant to a registration statement on Form F-1 filed with the U.S. Securities and Exchange Commission (“SEC”). The initial public offering price is currently expected to be between $15.00 and $17.00 per share. VTEX has applied to list its Class A common shares on the New York Stock Exchange under the ticker symbol “VTEX.” In addition, the underwriters will have a 30-day option to purchase up to an additional 2,869,811 Class A common shares from VTEX and the selling shareholders at the initial public offering price, less underwriting discounts and commissions. The offering is subject to market conditions, and there can be no assurance as to whether, or when, the offering will be completed or as to the actual size or terms of the offering. VTEX intends to use the net proceeds from the initial public offering for general corporate purposes. VTEX will receive no proceeds from the sale of Class A common shares by the selling shareholders. J.P. Morgan, Goldman Sachs & Co. LLC and BofA Securities are acting as global coordinators for the proposed offering. KeyBanc Capital Markets, Morgan Stanley and Itaú BBA are acting as joint bookrunners for the proposed offering. The proposed offering will be made only by means of a prospectus. Copies of the preliminary prospectus relating to the offering may be obtained, when available, from: J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, by telephone: 1-866-803-9204, or by email [email protected]; Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200 West Street, New York, New York 10282, by telephone at 1-866-471-2526, facsimile: 212-902-9316 or by email [email protected]; or BofA Securities, NC1-004-03-43, 200 North College Street, 3rd floor, Charlotte NC 28255-0001. Attention: Prospectus Department, or by email [email protected]. A registration statement on Form F-1 relating to these securities has been filed with the U.S. Securities and Exchange Commission but has not yet become effective. These securities may not be sold and offers to buy may not be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. About VTEX VTEX provides a software-as-a-service digital commerce platform for enterprise brands and retailers. Our platform enables our customers to execute their commerce strategy, including building online stores, integrating and managing orders across channels, and creating marketplaces to sell products from third-party vendors. Founded in Brazil, we have been a leader in accelerating the digital commerce transformation in Latin America and are expanding globally. Our platform is engineered to enterprise-level standards and functionality, and we are trusted by more than 2,000 customers with over 2,500 active online stores across 32 countries to connect with their consumers in a meaningful way. Contacts - Edelman for VTEX LATAMRegina [email protected]+55 11 97217-2031 USJulia [email protected]+1 646 301 2968 Get in touch If you didn't find what you need, feel free to contact us. Releases Ready to reach new commerce heights? Talk to our Sales team and discover how VTEX's composable and complete solution can revolutionize your digital strategy and unlock your full potential. Get tailored advice for your specific business needs. Learn which products are right for you. Request a demo. Get pricing details. Facing technical issues? Leading brands adopted VTEX's headless and composable approach Commerce Platform Order Management System VTEX Sales App Marketplace & Seller Management Pick and Pack VTEX Data Pipeline VTEX Live Shopping VTEX Shield VTEX IO B2C Commerce B2B Commerce Omnichannel Solution Ecommerce Marketplace Headless Commerce Become a partner Lengow Resources center Blog Help Center Developer Portal Compliance About Us Careers Press room Investor relations Our History