Mercadolibre Stock Price, News & Analysis

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.

Mercado Livre, Latin America's leading e-commerce platform, has acquired Kangu to strengthen its logistics network in Brazil.

This acquisition aligns with Mercado Livre's strategy to enhance operational efficiency and delivery speeds for over 40,000 sellers using Kangu's extensive collection points. The deal comes amidst Kangu's significant growth, reporting a revenue increase of 100% year-on-year in 2020.

On August 18, 2021, MercadoLibre (MELI), Latin America's leading e-commerce and fintech platform, announced a strategic investment in Aleph Group, acquiring a $25 million stake. This partnership aims to enhance digital advertising opportunities, allowing MercadoLibre to monetize its advertising space in regions where it lacks local sales operations. Aleph, already valued at $2 billion following a $470 million investment from CVC Capital Partners, signifies a growth potential in digital advertising. The transaction is expected to finalize by the end of August 2021.

MercadoLibre, Inc. (MELI) reported strong Q2 2021 results, with net revenues of $1.7 billion, a 102.6% increase year-over-year on an FX neutral basis. Total Payment Volume was $17.5 billion, rising 72% year-over-year. Gross Merchandise Volume reached $7.0 billion, an increase of 46%. Unique active users grew by 47.4% to 75.9 million. Despite challenges in key markets, the company showed remarkable growth in commerce and fintech, with notable increases in user engagement and transaction volumes.