However, in keeping with a trend in technology IPOs we’ve seen recently, the firm priced above range.

Follow Crunchbase News on

How much did StoneCo raise at $24 per share? It’s actually not something agreed upon. Axios’ Dan Primack , based on the primary shares offered, and under two million shares from existing shareholders. . There are also around seven million shares in the underwriter’s option, and the company after its .

If you take the primary shares, the existing shareholder bloc, the underwriter’s option, and the other shares, it works out to a $1.4 billion raise. Reuters has it written down . If you figure that out, let us know.

The StoneCo IPO (quick notes on its financials here) matters as it is another global unicorn IPO, yes, but also one that is coming due during market turmoil. This may not have been the ideal week if you were going to price a huge offering in a different market from your HQ. Still, StoneCo pulled it off.

The firm, founded in 2012, is and made its only . And now it’s public, and therefore a company that we shall ignore. You can wait for it to start trading .

The first version of this story incorrectly listed StoneCo’s founding year as 2013. It has been corrected.

Top Image Credit: .

Follow Crunchbase News on

This week includes an old friend that can’t seem to get its IPO out the door as well as two new players. So, in our usual fashion, let’s get to know the companies:

Founded in just 2016, this Chinese-based fintech shop helps link lenders and other providers of financial services to those in need. In effect, it’s a platform that links, , a “SaaS platform” with a bank or broker through its technology, for example.

It’s a young company, but it put up $87.3 million in top line during the first six months of 2018, leading to a net profit of just over $1.8 million. (The firm’s comprehensive profit was slightly higher.) And it’s growing quickly, nearly tripling its revenue in the June 30, 2018, quarter from the year-ago period.

It’s shooting for $10 to $12 per share, and is  to price Wednesday and trade Thursday.

Another fintech-ish company, StoneCo is a Brazillian payment processor that works IRL and online. The company (which cites Zappos’s approach to customer service !) has some top-flight business speak skills. StoneCo, for example, claims both an “Advanced, End-to-End, Cloud-Based Technology Platform” and “Differentiated Hyper-Local and Integrated Distribution.” Those must be good things.

Rudeness aside, the firm is a beast. StoneCo grew its revenue from $198.8 million in all of 2017 to $164.9 million in the first half of 2018. And while StoneCo lost over $27 million in 2017, it has made $22.7 million in net income thus far in 2018. Not bad!

StoneCo is shooting for $21 to $23 per share, and will on Wednesday and trade on the Nasdaq this Thursday.

And now, the IPO that isn’t. Or: The IPO that can’t? Regardless, YayYo stays on our radar as continue to remind us that it exists. Even if it never seems to launch.

YayYo was once, , “a single-sign-on metasearch app for smartphones that provides price comparison and booking of eventually all available ridesharing and taxi services.” What it will be next isn’t clear.

This hot pile of garbage had revenue in its last year ( that represents less top line than a top Google engineer expects to be paid in cash alone. Regardless, it’s still theoretically an IPO.

And that’s that for this week, everyone!

Illustration: