Whenever investment banks talk up a new product or trend, it’s always best to be wary. But the signs are that emerging markets to emerging markets deal flow – the latest new big thing – will soon become part of everyday capital markets life.
Three big deals are in the pipeline.
The one grabbing the most headlines is the decision by Brazilian firm Vale, the world’s biggest iron ore miner, to list on the Hong Kong Stock Exchange, thus becoming the first Latin American company to do so.
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