December 2007

Argentina: Equity issuance looks set for takeoff

by Jason Mitchell

Argentina’s capital markets could be about to take off, as more than 20 companies line up to list on the Buenos Aires stock exchange.


The country’s financial markets have been in bad health since Argentina suffered a severe economic crisis between 2001 and 2002.

At the end of October this year, the total market capitalization of the Buenos Aires stock exchange was $62 billion compared with $1.4 trillion for the São Paulo exchange and $426 billion for the Mexico City exchange, according to the World Federation of Exchanges. Even Peru’s Lima exchange has a market cap of $69.9 billion.

However, it is understood that several big Argentine enterprises plan to undertake IPOs...


The rest of this article is available to subscribers only

Please Subscribe or take a Free Trial below.
Already a subscriber? Log in here.