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Brazilian card processor Stone Co Ltd filed on Tuesday for an initial public offering on Nasdaq that may raise up to $1.1 billion and lure Warren Buffett's Berkshire Hathaway Inc as a shareholder, according to a securities filing. Berkshire Hathaway and some of Stone's current shareholders may acquire up to almost half of the 47,727,273 shares offered in the IPO, according to the filing.
The company set the IPO price range at between $21 and $23 per share and could reach a market capitalization of up to $6.2 billion on its debut on Nasdaq. Other Stone shareholders include Brazilian investment firm 3G Capital Inc's founders, Jorge Paulo Lemann, Marcel Telles and Carlos Alberto Sicupira.

Copyright Reuters, 2018

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