SoftBank-backed VTEX to raise $361 mln in US IPO
Jul.21,2021
Image from VTEX's website

Asian Tech Press -- VTEX, a Brazilian e-commerce platform backed by SoftBank Group Corp., plans to raise about $361 million in a its U.S. IPO, according to Bloomberg.

Bloomberg said the company has priced the offering at $19, the top end of its price range.

The startup was set to issue 19 million Class A common shares priced between $15 to $17 each, aiming for a valuation of $3.2 billion in the IPO, as previously reported by Reuters.

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