Conyers advised G2D Investments, Ltd. on a follow-on offering of Brazilian Depositary Receipts (BDRs). Each BDR represents one Class A common share of G2D, and the follow-on offering had an aggregate amount of approximately BRL$70 million (US$13.5 million). The BDRs trade on the São Paulo Stock Exchange, and the Class A common shares trade on the Bermuda Stock Exchange.
Conyers previously advised G2D on its ground-breaking May 2021 IPO, which was the first dual-listing involving a primary listing of shares on the Bermuda Stock Exchange supporting BDRs listed on the São Paulo Stock Exchange.
G2D is an investment company controlled by GP Investments, Ltd. that is focused on investment opportunities in pre-IPO tech and tech-enabled companies with high growth perspectives in Brazil, the United States and Europe. G2D’s current investments in this space are four fintechs (Blu, CERC, Sim;Paul and Mercado Bitcoin), one IPaas (Digibee) and one edtech (Quero Educação), as well as indirect investments in consumer goods disruptive companies (via The Craftory) and in Silicon Valley tech companies (via Expanding Capital).
David Stubbs and Marcello Ausenda worked with a team from Barbosa Müssnich Aragão. Pinheiro Guimarães acted for underwriter BTG Pactual.