The SoftBank-backed e-commerce services platform developer listed on the New York Stock Exchange, pricing the shares above their range.

VTex, a UK-headquartered e-commerce services provider backed by internet and telecommunications conglomerate SoftBank, went public in a $361m initial public offering on the New York Stock Exchange (NYSE) yesterday.

The initial public offering included nearly 13.9 million class A shares priced at $19 each, above the $15 to $17 range, while selling shareholders divested just over 5.1 million more shares for a total of approximately $97.3m. The shares opened at $25.10 a share on their first day of trading.

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Edison Fu

Edison Fu is a reporter and Asia liaison at Global Corporate Venturing.
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