The fact that the most recent Initial Public Offering (IPO) in Brazil drew attention from the ten largest institutional investors shows that there is a market appetite for this kind of operation and leaves B3 optimist about the next listings, said Gilson Finkelsztain, the chief-executive of B3.
“If we have stabilization in Brazil, we can see more offers during the year,” he said, adding that the economy is growing slowly, but growing, nonetheless.
Finkelsztain also said that if there are no shocks until the 2018 elections, the demand for IPOs and other similar transactions will remain high.
“The big banks have about ten stock transactions in the pipeline. We should enter an off-season period at the moment, but soon we will see more operations,” he said.
The IPO activity in the Brazilian stock exchange improved in 2017 compared to previous years, but analysts believe that total listings will likely be far less than the 20 to 25 operations expected at the start of the year. So far, less than ten companies completed their IPOs.
The material has been provided by InstaForex Company – www.instaforex.com
The post BRAZIL: Market Shows Appetite For IPOs, Says B3 CEO Finkelsztain appeared first on forexnewsarab.com