Our Headquarters is located at Av. Paulista, 901. 5th Floor – Bela Vista. São Paulo – SP. 01310-100, Brazil.
We are a Cayman Islands exempted company incorporated with limited liability on October 16, 2019 for purposes of undertaking our initial public offering, fully owned by Cogna on the date hereof.
Vasta priced its Initial Public Offering on July 30th, 2020 at US$19.00 per share and began trading on Nasdaq under the ticker symbol VSTA on July 31st, 2020.
KPMG Auditores Independentes.
Vasta’s fiscal year ends December 31. Quarterly periods conclude on March 31, June 30, September 30, and December 31.
We have not adopted a dividend policy with respect to future distributions of dividends. The amount of any distributions will depend on many factors such as our results of operations, financial condition, cash requirements, prospects and other factors deemed relevant by our board of directors and, where applicable, our shareholders.
Our directors and executive officers, among others, may own shares in the company or be beneficiaries of our share-based compensation plans. We expect to implement a share-based compensation plan in connection with this offering. We intend to reserve up to 3.0% of our total capital stock for issuances under our share-based compensation plan.
We are a leading, high-growth education company in Brazil powered by technology, providing end-to-end educational and digital solutions that cater to all needs of private schools operating in the K-12 educational segment, ultimately benefiting all of our stakeholders, including students, parents, educators, administrators and private school owners.
Our mission is to help private K-12 schools to be better and more profitable, supporting their digital transformation. We believe we are uniquely positioned to help schools in Brazil undergo the process of digital transformation and bring their education skill-set to the 21st century.
According to a report by Oliver Wyman that was commissioned by us, the total addressable market, or TAM, for our Content & EdTech Platform and Digital Platform for private schools in Brazil was R$25.3 billion as of 2018 and segregated between: (1) R$6.0 billion for core content; (2) R$6.4 billion for complementary education solutions; and (3) R$12.9 billion for digital platform. Oliver Wyman expects that our TAM will more than double by 2030, reaching R$54.0 billion, segregated between: (1) R$13.4 billion for core content; (2) R$14.0 billion for complementary education solutions; and (3) R$26.6 billion for digital platform. As of 2018, we estimate we captured approximately 12.1% of the TAM for core content and 0.4% of the TAM for complementary education solutions (which is included in our Content & EdTech Platform segment) and 0.5% of the TAM for our Digital Platform segment, which we believe represents significant growth opportunity.
You may contact our Investors Relations team through the e-mail firstname.lastname@example.org.