Tag Archives: ECM

Brazil’s Stone looks to follow PagSeguro in snubbing

The success of Brazil’s PagSeguro’s recent IPO on the NYSE has led its competitor, Stone, to draw up plans to launch on the US stock exchange this year, according to market sources. PagSeguro, which provides online and in-store payment services, raised … Continue reading

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Bradesco BBI aims to become regional investment bank

Bradesco BBI is aiming to become a regional investment bank in Latin America over the next couple of years, according to its managing director Leandro Miranda. Leandro Miranda, Bradesco BBI Miranda, who has headed Bradesco’s investment banking unit since late … Continue reading

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Brazilian brokers wave the offside flag

“The Bovespa is like the CBF [Brazilian Football Confederation] and the brokers are like the clubs: the former is very rich and very powerful, while the latter do all the work and are going broke.” Ricardo Lacerda, founder and CEO … Continue reading

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Latin America’s capital markets: 2016 rebound looks unlikely

After enduring the worst year for Latin American capital markets since the financial crisis, bankers fear there will be little improvement in 2016. Katia Bouazza, HSBC With only slim prospects for a recovery in Brazilian deals, bankers are reluctant to … Continue reading

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Mexico leads but Brazil stirs from ECM slumber

Unifin’s successful Ps3.14 billion ($206 million) IPO in May confirmed Mexico’s status as the region’s strongest primary equity issuance market. However, with Par Corretora da Seguros’ IPO slated for early June, Brazil is showing signs of reawakening the interest of … Continue reading

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Competition from locals as HSBC looks to build LatAm equities

The announcement that Itaú Unibanco is to buy a controlling interest in Chile’s Corpbanca confirmed the regional expansion of the big Brazilian banks and demonstrates the tough local competition that HSBC faces as it invests in its Latin American equities … Continue reading

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Brazil tries to shrug off a poor run in equities

The last couple of equity deals of 2013 from Brazil failed to change the bearish sentiment that has dogged the market for fresh equity for more than a year. Investment bankers will be hoping for an improvement in investors’ appetite for Brazilian … Continue reading

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