VTEX, the e-commerce software platform that started in Brazil, rose as much as 36% in its trading debut after an initial public offering that topped expectations to raise $361 million.
Shares of VTEX opened at $25.10 each in New York trading Wednesday after pricing at $19 Tuesday, above the marketed range of $15 to $17. The company, whose backers include SoftBank Group Corp., has a market value of about $4.6 billion.
