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.
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) .