October 25, 2019 / 12:24 AM / 25 days ago

Education company Arco and shareholders raise $331 mln in share offer -sources

SAO PAULO, Oct 24 (Reuters) - Brazilian educational software firm Arco Plaftorm Ltd priced its shares in a follow-on at $43 each, two sources with knowledge of the matter said.

Arco and its shareholders, who include private equity firm General Atlantic, raised $331 million reais in the offering, managed by the investment banking units of Goldman Sachs, Morgan Stanley and Itau Unibanco Holding SA. (Reporting by Carolina Mandl and Tatiana Bautzer; Editing by Clarence Fernandez)

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