Skip to content
Subscriber Only

SoftBank-Backed VTEX Surges in Debut After $361 Million IPO

  • E-commerce software firm climbs after pricing IPO above range
  • Company seeking to invest in tech team, expand geographically
Updated on

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.