The return of the Brazilian IPO

Author: | Published: 21 Sep 2017

A recent wave of public offering activity points to a re-opening of the Brazilian equity markets to foreign investment

1 minute read
After a period of minimal activity and despite a challenging political and economic environment in Brazil, there has been a re-opening of the Brazilian equity markets to international investors.

The article provides an overview of the initial public offering process in Brazil and some of the challenges to successfully executing such transactions. Considerations discussed include the preparation of equity research reports, issues with respect to Brazilian governmental entities participating as selling shareholders, and issues in preparing offering disclosure for local and international investors.

After a period of three years with little activity, the market for initial public offerings (IPOs) of common equity by Brazilian issuers is finally showing signs of recovery.

Since 2014, there has been a high level of uncertainty with respect to the Brazilian economy stemming...



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