E-commerce retailer MercadoLibre Inc, Latin America’s most valuable company by market capitalization, has raised $1.55 billion in its first equity offering in over two years.
The company sold a million shares at $1,550 each, according to a press release, representing a discount of about 5% to Monday’s closing price. The company looks to spend the proceeds on “general corporate purposes,” according to a prospectus published late Monday.
