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| BB Seguridade’s $5.74 billion IPO | |
| Global coordinators and joint bookrunners | BB Investimentos, JPMorgan, Bradesco BBI, Itaú BBA, BTG Pactual and Citi |
| Joint bookrunners | Brasil Plural and Banco Votorantim |
| return to the Deals of the Year 2013 index | |
After a lousy 2012 for Brazilian equities, followed by an unpromising start to 2013 and a deterioration in investor sentiment towards Brazil’s macroeconomic environment, it was perhaps surprising that the world’s biggest IPO of the year was from Brazil. And the spin-off of BB Seguridade – Banco do Brasil’s insurance division – was also one of the best-performing IPOs.
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