10.01.2009 - Brazil IPOs to Double Next Year
Oct. 1 (Bloomberg) -- Brazil's initial public offerings may double next year as the stock market extends its best rally in six years and growth in Latin America's largest economy accelerates, according to Bank of America Corp.
"I'd imagine the number of transactions on the IPO side to increase very meaningfully next year," Sebastien Chatel, head of Latin America Equity Capital Markets for Bank of America's Merrill Lynch & Co. unit, said in a telephone interview from New York. "I don't see any reason why that couldn't double."
Two companies have gone public this year in Brazil, three have filed to sell shares for the first time and several more may be planning sales, according to Chatel. While the number of IPOs in 2010 will be higher than this year's total, they will likely be smaller in size, he said.
The Bovespa index has surged 64 percent this year, spurred by cuts in interest rates to record lows, as the economy rebounded from its first recession since 2003. Economists expect growth to accelerate 4.5 percent next year, according to a central bank survey of about 100 analysts published this week.
Next year's offerings will likely come from industries that benefit from growth in the domestic economy such as banking, retail and consumer goods, Chatel said.
The number of IPOs in Brazil plunged to four last year from the 64 companies that raised 60.5 billion reais ($37 billion) in 2007 as the global financial crisis sent the benchmark index down 41 percent and reduced investors' appetite for riskier emerging-market assets.
'Appetite for IPOs'
Cia. Brasileira de Meios de Pagamento, the payment- processing company known as VisaNet, raised 8.4 billion reais in June, the biggest IPO in Brazil this year. Spanish lender Banco Santander SA's Brazil unit aims to raise to raise as much as 13.1 billion reais by selling shares next week. Merrill Lynch will help manage the sale with Credit Suisse Group AG, Santander and Banco BTG.
VisaNet's shares have gained 17 percent since June. Another IPO, Tivit Terceirizacao de Tecnologia Servicos SA has fallen 13 percent since the computer-services company started trading on Sept. 29.
"There's appetite for IPOs but if they're not big benchmark transactions they need to be very well thought out because investors are still very focused in liquidity," Chatel said.
Real estate developer Direcional Engenharia SA, Brazilian clearing house Cetip SA - Balcao Organizado de Ativos & Derivativos have also filed to sell shares for the first time in Brazil this year.
LAST NEWS
04.20.2010 - China and Brazil to boost co-operation
Financial Times
04.19.2010 - Agriculture: Superpower is ready to feed the world
Financial Times
04.19.2010 - Banking: Quick recovery, enviable outlook
Financial Times
04.19.2010 - Brazil Analysts See Higher Rate in 2010
April 19 (Bloomberg)
04.19.2010 - Brazil-envy is rife in Latin America's other big e
The Economist
04.19.2010 - Emerging Markets Attract Private-Equity Investment
April 19 (Bloomberg)
04.19.2010 - The trillion-dollar club
Apr 15th 2010 | From The Economist print edition
03.22.2010 - Petrobras supera Microsoft, GE e Chevron
Petrobras tem o segundo maior lucro entre America Latina e EUA
11.16.2009 - Brazil takes off
Now the risk for Latin America's big success story is hubris
10.01.2009 - Brazil Real Has 'Clear Upside' as Share Sales Jump
Brazil's real, the world's second best performing currency this year
09.01.2009 - Bolsa de Nova York busca alianças no Brasil
Brasil é parceiro estratégico da Bolsa de Nova York
09.01.2009 - Bovespa tem giro diário recorde em junho
Bovespa passa a ser a maior Bolsa da América Latina
08.31.2009 - Aportes estrangeiros de volta ao Brasil
A crise, por aqui, já está sob controle e não terá maiores impactos na economia
08.30.2009 - O brilho da bolsa
BM&F Bovespa teve a maior alta entre todas as bolsas do mundo no ano
07.17.2009 - Regions could be Decoupling from U.S
Bringing potential Gains
06.18.2009 - BRICs se recuperam antes de países ricos
The Economist
05.25.2009 - Barclay's compra R$ 6,8 bilhões em ações no Brasil
Vale do Rio Doce e Itaú Banco
05.12.2009 - Brazil's creating champions with $58 billion loans
Driving a consolidation in the meat, ethanol, paper and telecom industries
05.12.2009 - Buy BRIC Stocks as Best Bet on recovery
Investors should buy shares in Brazil, Russia, India and China
05.11.2009 - Emerging markets rally leads the rebound
Brazil's Bovespa index is 75 per cent higher
05.05.2009 - Bovespa Futures Gain
Brazil's Bovespa Futures Gain on Signs Global Recession Easing
05.05.2009 - Petrobras é a 4º empresa mais respeitada do mundo
Sadia (5º), Votorantim (20º) e Vale (28º)
05.05.2009 - Saldo de estrangeiros na Bovespa
Recursos de não residentes somaram R$ 3,77 bilhões no mês passado
04.28.2009 - BM&F Bovespa deve aumentar presença internacional
Arminio Fraga assume presidência do Conselho da BM&F Bovespa
04.28.2009 - Brasil poderá receber upgrade até o fim de 2009
Moody's - Nunca estivemos tão confiantes sobre o Brasil como agora
04.06.2009 - Brasil ganha espaço entre fundos emergentes
Brasil passou a ser o segundo destino para aplicações
03.17.2009 - Petrobras bate recorde de produção
Produção da Petrobras no Brasil é recorde em fevereiro
03.13.2009 - Brazil to lead the BRIC economies in 2009
Brazil will lead the global emerging markets
02.11.2009 - Brasil é a 6ª economia do mundo. Japão cai para 3º
Banco Mundial revela que Brasil melhorou, assim como China que se tornou a segunda maior economia
02.10.2009 - ''O mundo vai financiar nossa infraestrutura''
Economia & Negócios
02.10.2009 - Brazil is the best of BRIC
Emerging Markets
02.10.2009 - BRIC Countries: Brazil
I'd be interested in hearing thoughts on BRIC investments and especially Brazil opportunities
02.10.2009 - O Brasil descobre a Bolsa
As empresas nunca levantaram tanto dinheiro.
02.09.2009 - China não poderá financiar o déficit americano
Professor de Harvard e Oxford diz que bolha dos títulos americanos pode estourar até o final do ano
|
