Change font size:   

July 2009

Brazilian equities: IPO market poised for comeback

Bankers confident after record Visanet deal; Market volatility, though, means issuance will be selective




Brazil’s bankers are optimistic that several IPOs will soon come to market after a barren 12 months. This follows the record debut listing of Visanet on the Bovespa at the end of last month. At R$8.24 billion ($4.24 billion) the deal, managed by Goldman Sachs, JPMorgan, Banco Santander and BB Investimentos, the investment-banking arm of Bradesco, is the biggest Brazilian IPO so far this year. A number of follow-on offerings are seeing the light of day too.

"I’m pretty busy right now. The market is returning quite fast to relative normalcy," says Evandro Pereira, head of equity markets at UBS Pactual, which will stay...


Please log in now to view.
Enter your username (email address) and password at the top right-hand side of euromoney.com.

If you do not currently have access to this content, visit the subscription page or call our hotline on +44 (0)207 779 8999.

Subscribe online now and save up to 30%


Subscribe

Subscribers to Euromoney benefit from:

  • 12 months access in print and online - on euromoney.com, read the latest issue early online, search for specific developments by region or sector, interrogate the results of Euromoney's benchmark polls, and view the archive dating back to 1996 
  • More than 30 specialist research guides free
  • The results of Euromoney’s polls and surveys
  • Tailored RSS news feeds direct to your desktop
  • News delivered directly to your mobile device or PC
  • Personalised email newsfeed of 'Top stories' and 'Breaking news'

Click here to subscribe




Ruromoney Jobs Post a job