Knight Bridge Investment Consultants Limited – Ant Financial Investment in Brazil's StoneCo

Brazilian card processor StoneCo Ltd said in a securities filing on Monday that Chinese e-commerce giant Alibaba's payment affiliate Ant Financial has committed to invest $100 million in the company's initial public offering.
 
HONG KONG - Oct. 23, 2018 - PRLog -- Ant Financial is the latest big-name backer to show interest in StoneCo's IPO that could raise up to $1.1 billion on Nasdaq.

Such major investors in the IPO have helped drum up further interest, one of the sources said.

The high demand allowed for its pricing, initially planned for Thursday, to be moved up to Wednesday, the person said. Financial publication IFR first reported on Monday the pricing would be moved forward.

Goldman Sachs, JPMorgan Chase & Co and Citigroup, the global coordinators of the offering, may discuss raising the price of StoneCo's shares above the $21-$23 marketing range based on the market response, the two sources said. Such a move has yet to be discussed with the company.

Berkshire Hathaway and some of StoneCo's current shareholders, including Madrone Capital Partners, could acquire up to nearly half of the 47,727,273 shares offered in the IPO, according to an earlier securities filing.

The involvement of deep-pocketed international investors underscores the potential growth of electronic payments in a country where only two-thirds of families' consumption is paid in cash.

In 2017, card payments totaled 1.36 trillion reais ($367.24 billion), according to the country's card industry group, Abecs.

To find out more information on the opportunities Knight Bridge Investment Consultants see's within the US markets, specifically with IPO's or other performing sectors, visit www.knightbridgeinvestment.com or contact us at info@knightbridgeinvestment.com for further information.

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