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 next year, including retail and real estate group Pegasus Capital, banking group Banco Supervielle, pharmaceuticals company Sidus, and airports operator Aeropuertos Argentina 2000.
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