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Brazilian Digital Education Company: Vitru Ltd. (VTRU)

Vitru Ltd. (NASDAQ: VTRU) was founded in 2014 and is headquartered in the State of Santa Catarina, Brazil, with 6,324 full-time employees. It is a Brazilian digital education company. The company ’s mission is to democratize education opportunities in Brazil through the digital ecosystem and empower every student to create his own success story.

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Vitru Ltd. (VTRU) :

Post-secondary education students in Brazil face a number of challenges, including: (1) high tuition fees and few other funding options; (2) long commuting time; (3) lack of continuous learning resources; (4) teachers, Tutors and materials cannot attract students, and (5) support and lack of student experience.

Vitru Ltd. aims to solve these problems.

Vitru Ltd. (VTRU) investment:

Vitru Ltd. (NASDAQ:VTRU) plans to list on NASDAQ on 9/17/2020 IPO, issue price $22.00-$24.00, issue 11 million shares, raise 258.3 million US dollars, Goldman Sachs/ BofA Securities/ Itaú BBA/ Morgan Stanley/ Bradesco BBI/ BTG Pactual/ Credit Suisse/ Santande/ rXP Investimentos underwriting.

Companies listed on the same day are American Well Corp. (AMWL) , Pactiv Evergreen (PTVE) , Sumo Logic (SUMO) , Vitru Ltd. (VTRU) and Broadstone Net Lease (BNL) .

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