Vitru Ltd.

VTRU

We are the leading pure distance learning education group in the postsecondary digital education market in Brazil based on the number of enrolled undergraduate students as of December 31, 2018, according to the latest available data published in September 2019 by the MEC.

We provide a complete pedagogical ecosystem focused on hybrid digital education experience for undergraduates and continuing education. We provide course offerings in over 200 subjects through our VLE which is delivered in multiple formats (videos, eBook, podcasts and html text, among others). Our model also incorporates in-person weekly meetings hosted by our tutors who are mostly local working professionals in the subject area they teach. We have approximately 3,600 tutors who were all hired and trained by us in order to ensure they meet our quality requirements. We believe that this unique tutor-centered learning experience sets us apart, creating a stronger sense of community and belonging and contributing to higher engagement and retention rates of our student base.

At the core of our ecosystem are our digital education centers, or hubs, which offer in-person tutoring, supported by virtual mentoring. We operate our hubs mainly through joint operations in a scalable partnership model based on symbiotic, financially aligned and self-reinforcing relationships with our hub partners, who manage day to day operations and financial planning. Approximately 82.7% of our hubs are managed by hub partners and we have built and nurtured strong relationships with our 151 hub partners, who play a key role in our expansion.

Offer Price Offer Size 3-Year Outlook Volatility 1st Day Turnover
$16.00 6,000,000 Positive High 27.71%

Offering Team

Deal Managers

  • Goldman Sachs
  • Bank of America Merrill Lynch
  • Morgan Stanley

Lawyers

  • Davis Polk & Wardwell LLP

Auditors

  • PricewaterhouseCoopers Auditores Independentes

Pre-IPO Investors

Investors

  • Google Ventures
  • Intel Ventures
  • Patricoff Ventures
  • Kleiner Perkins

Pre-IPO Holdings(%)

  • 30
  • 20
  • 05
  • 18

Deal Highlights

Deal Tracker

Investors

Filing

17 Sep, 2020

Offer

18 Sep, 2020

Look Ahead

Lock Up Expiry

18 Mar, 2021

Earning

Nov 1, 2018

IPO Terms

Offer Price $16.00
Offer Size 6M

Market Sentiments

Stock Price