Homebuilder Follow-On Fates Diverge
Two Brazilian homebuilders priced follow-ons last night, but only one emerges victoriously. PDG Realty and Rossi Residencial operate in what investors are calling a positive environment for Brazilian homebuilding, given strong internal demand, falling interest rates and a robust low-income initiative by the government. But PDG, whose stock has more than doubled since its IPO, is the only one of the two that...
Already have an account?
Subscribe now for unlimited access to all current and archive news, data and market analysis.
Take a free two-week trial now for the latest news, data and market analysis.