In the last couple of months, about 20 Brazilian IPOs have been pulled. Sounds, bad, right? Wait though, you need the context.
First, this has been a very strong year for equity issuance – it’s going to be a record year for the Bovespa. In the middle of October, it passed R$100 billion ($19.2 billion), already beating 2019’s total of R$90 billion. Brazil has clocked up 25 IPOs this year – after just five in 2019 – and 2006’s record of 26 will almost certainly be broken.
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