Mercadolibre Stock Price, News & Analysis

Aleph Group, Inc announced that Pedro Arnt, Chief Financial Officer of MercadoLibre (NASDAQ: MELI), is joining its Board of Directors and will also chair the Audit Committee. Arnt brings extensive experience from his tenure at MercadoLibre, where he has served since 1999, becoming CFO in 2011. This move comes as Aleph seeks to enhance its digital advertising capabilities, particularly in collaboration with MercadoLibre, which invested in Aleph in 2021. Aleph aims to strengthen business development and maximize advertising monetization in emerging markets.

On January 20, 2022, Mercado Libre (Nasdaq: MELI) announced strategic investments in 2TM Group and Paxos, enhancing its presence in the cryptocurrency sector in Brazil. This acquisition includes shares in MercadoBitcoin.com, a leading digital asset exchange in Latin America. Through its partnership with Paxos, Mercado Pago now allows Brazilian users to buy, hold, and sell cryptocurrencies with transactions starting from R$ 1. These moves underline Mercado Libre's commitment to developing crypto assets and blockchain technology, aiming to empower users and improve financial access across Latin America.

Mercado Libre has acquired Redelcom, a Chilean payment services provider, to enhance its operations in the payment methods sector, particularly for SMEs. This acquisition marks Mercado Libre's first foray into payment systems in the region, strengthening its Mercado Pago unit, the largest fintech in Latin America. The move aims to democratize commerce and finance in Chile, addressing financial inclusion gaps. Redelcom will now be integrated into the Mercado Libre ecosystem, which has already seen significant growth in the POS market, with over 65,000 merchants processing payments.

On November 16, 2021, MercadoLibre (MELI) announced an underwritten public offering of 1,000,000 shares of common stock priced at $1,550.00 each, aiming to raise approximately $1.55 billion before underwriting expenses. The underwriters are granted a 30-day option to purchase up to an additional 150,000 shares. This offering is part of an effective shelf registration, with relevant documents available on the SEC’s website.

MercadoLibre, Inc. (Nasdaq: MELI) announced a public offering of common stock on Nov. 15, 2021, with underwriters granted a 30-day option for additional shares. The net proceeds will fund general corporate purposes. Morgan Stanley, J.P. Morgan, and Goldman Sachs are the lead bookrunners. This announcement does not constitute an offer to sell or solicit an offer to buy securities illegally. To access the prospectus, visit the SEC website or contact the managing bookrunners directly.

MercadoLibre, Inc. (MELI) reported Q3 2021 net revenues of $1.9 billion, a 72.9% year-over-year increase on an FX neutral basis. Total Payment Volume reached $20.9 billion, up 59.0% year-over-year, while Gross Merchandise Volume hit $7.3 billion, growing 29.7% year-over-year. Unique active users rose to 78.7 million. Despite a 62.7% increase in operating expenses, income from operations improved to $160.4 million. Net income was $95.2 million, with earnings per share of $1.92.

MercadoLibre, Inc. (Nasdaq: MELI) announced it will release its third fiscal quarter financial results on November 4, 2021. The company will also host a conference call at 4:30 p.m. Eastern Time, accessible by dialing (877) 303-7209 or (970) 315-0420. The call will be available via audio webcast on the investor relations section of MercadoLibre's website. As the largest online commerce and payments ecosystem in Latin America, MercadoLibre continues to enhance its digital platform across 18 countries, fostering growth in e-commerce and financial services.

MEKA Pioneer Corp has successfully raised $287 million through its IPO, aimed at enhancing the Latin American digital ecosystem. This innovative SPAC structure aligns incentives for stakeholders and aims to partner with leading technology companies in the region. The founding team, previously from Mercado Libre (MELI), brings significant experience, having generated over $150 billion in enterprise value. MEKA seeks to support partner companies' public listings on Nasdaq while leveraging Mercado Libre's extensive resources to drive growth.

MELI Kaszek Pioneer Corp announced the pricing of its initial public offering (IPO) of 25 million Class A ordinary shares at $10.00 per share, listed on Nasdaq under the ticker symbol MEKA. The offering is set to close on October 1, 2021. Sponsored by Mercado Libre and Kaszek, the Company aims to merge with technology-enabled firms in Latin America across sectors such as commerce and healthcare. Underwriters include BofA Securities and Goldman Sachs, with a 45-day option to purchase an additional 3.75 million shares for over-allotments.