Welcome to our dedicated page for Stoneco Ltd. news (Ticker: STNE), a resource for investors and traders seeking the latest updates and insights on Stoneco Ltd. stock.
StoneCo Ltd. (NASDAQ: STNE) is a financial technology and software company that focuses on empowering merchants and Brazilian entrepreneurs through payments, banking, credit and software solutions. The news flow around StoneCo often reflects its role in the financial technology ecosystem, its strategic decisions and its communication with investors through regular financial reporting.
On this page, readers can find news items such as quarterly and annual earnings announcements, details on conference calls and webcasts, and updates on strategic actions. StoneCo frequently issues releases about its first, second, third and fourth quarter results, accompanied by earnings releases and presentations that are also furnished to the SEC on Form 6-K. These announcements typically include information about how and when investors can access teleconferences and webcasts.
StoneCo’s news coverage also includes corporate developments and strategic moves. For example, the company has announced significant divestments within its software segment, including agreements to sell Linx and other software assets to TOTVS and the sale of SimplesVet to PetLove. It has also reported leadership changes, such as the planned transition in the Chief Executive Officer role and adjustments to other senior positions, which the company links to continuity, governance and execution of its strategy.
Investors, analysts and merchants interested in StoneCo can use this news page to follow earnings releases, strategic portfolio changes, leadership updates and other material announcements. Returning to this page provides a way to monitor how StoneCo describes its progress in evolving from a pure payments provider into a broader financial services platform for merchants and entrepreneurs.
StoneCo Ltd. (Nasdaq: STNE) reported robust Q3 2020 results, with Total Payment Volume (TPV) of R$69.7 billion, up 113.8% year-over-year. Revenue reached R$934.3 million, a 39.2% increase, and adjusted net income grew 42.6% to R$287.9 million, marking a net margin of 30.8%. The active client base expanded to 582.9 thousand, showing a 40.9% year-over-year increase. Notably, operational leverage led to an adjusted pre-tax margin of 45.2%. Despite challenges from COVID-19, Stone's diverse financial solutions have positioned it for continued growth.
StoneCo Ltd. (STNE) has announced it will waive a R$112.5 million breakup fee and increase the cash offer to Linx shareholders by R$0.50 per share in a bid to finalize their merger. If approved on November 17, 2020, each Linx share will receive R$32.06 plus 0.0126774 shares of Stone, totaling R$35.96, representing a 36.6% premium. This decision follows a review by Linx’s Independent Board Members, who deemed the Stone transaction offers more value and certainty than a competing proposal from Totvs. The transaction is subject to regulatory approvals.
StoneCo Ltd. (NASDAQ: STNE) will host a conference call on October 29, 2020, at 5:00 PM ET to discuss its Q3 2020 financial results. A press release with the results will be issued after the market closes on the same day. The conference call can be accessed via phone or live webcast, with details available on Stone's investor relations website. Stone is recognized for providing financial technology solutions that facilitate seamless commerce for merchants.
StoneCo Ltd. (Nasdaq: STNE) announces that Linx's Board approved a meeting for shareholders on November 17, 2020, to consider a business combination with Stone. This decision follows Stone's previous announcements about the transaction. Linx's Board has recommended acceptance based on evaluations showing Stone's offer as economically advantageous compared to a competing proposal from Totvs. Key conditions for the transaction include SEC approval, antitrust clearance, and shareholder votes from both Linx and Stone.
StoneCo Ltd. (Nasdaq: STNE) announced plans to issue Brazilian Depositary Receipts (BDR) as part of its business combination with Linx. This initiative, noted in an earlier announcement, will allow Linx shareholders to receive Stone BDRs as compensation. The BDR issuance represents a significant regulatory development, being one of the first sponsored BDR-Level I programs in Brazil following recent regulatory changes. The successful implementation of this transaction is contingent upon various approvals from the SEC and Brazilian authorities.
StoneCo Ltd. (STNE) announces an amended agreement to merge its business with Linx S.A., increasing the cash consideration to R$35.10 per Linx share, a 47% premium to Linx's 60-day VWAP. The break-up fee is reduced to R$454 million. The transaction, driven by independent board members, aims to enhance value for shareholders and clients by providing a robust commerce platform. The agreement also includes non-competition clauses for founding shareholders. The deal's completion depends on approvals from Brazilian authorities and shareholder meetings.
StoneCo Ltd. (NASDAQ:STNE) announced a follow-on offering of 27,375,000 Class A common shares priced at $47.50 each, set to close on August 17, 2020. The company has granted underwriters a 30-day option to purchase an additional 4,106,250 shares. Proceeds from the offering will primarily finance the acquisition of Linx S.A. and cover related fees, with any remaining funds allocated for general corporate purposes. Major firms like J.P. Morgan and Morgan Stanley are coordinating this offering.
StoneCo Ltd. announced a proposed follow-on public offering of $1.0 billion in Class A common shares, with an option for underwriters to purchase an additional $150 million. The proceeds will primarily finance the acquisition of Linx S.A. and cover related fees. If the acquisition does not proceed, funds will be allocated for general corporate purposes. The offering is filed with the SEC and will be coordinated by J.P. Morgan, Morgan Stanley, and Citigroup. StoneCo's shares are traded on Nasdaq under the ticker STNE.
StoneCo Ltd. (Nasdaq: STNE) will host a conference call on August 12, 2020, at 7:00 am ET to discuss its Q2 2020 financial results and the business combination with Linx. Interested parties can join the call by dialing specific numbers for different regions or via a live webcast, available on Stone's investor relations website. Stone provides financial technology solutions, supporting merchants in multi-channel commerce.
StoneCo Ltd. (STNE) has announced a definitive agreement to merge its subsidiary, STNE Participações S.A., with Linx, a major retail management software provider in Brazil. This strategic move aims to enhance Stone's technology offerings for merchants, providing Linx's 70,000 clients access to Stone’s payments and financial services. The merger, with a total consideration of R$33.76 per Linx share, represents a premium of 41.6% over Linx's average price prior to the announcement. The transaction is pending approval from regulatory authorities and Linx shareholders.
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