SoftBank-backed VTEX surges 32% in NYSE debut, garners $4.7b valuation

SoftBank-backed VTEX surges 32% in NYSE debut, garners $4.7b valuation

REUTERS/Issei Kato

Shares of Brazil’s VTEX rose as much as 32% in their New York Stock Exchange debut on Wednesday, giving the e-commerce software platform a valuation of $4.7 billion and underscoring investor interest in the sector.

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