Latin America investment banking: Prices push boundaries

Is equity issuance faltering in Latin America, in particular Brazil, because of overoptimistic expectations from issuers and their lead banks? Might a shift in focus away from Brazil be beneficial? Rob Dwyer finds out.

IN FEBRUARY THE in-flight entertainment system on TAM Airlines’ flights between São Paulo and New York was showing Wall Street II. Most of the many bankers that shuttled between the two cities that month were probably too busy working or trying to catch some sleep to watch the sequel to the 1987 film that made “Greed is good” one of the most memorable slogans of the decade.

However, whereas the sequel updates the phrase (Gekko: “Someone reminded me I once said: ‘Greed is good’.

Access intelligence that drives action

To unlock this research, enter your email to log in or enquire about access