BEST FOLLOW-ON EQUITY
Love it or hate it, there was no avoiding the giant, black, viscous elephant in the room of LatAm equity last year.
billion raise was the biggest equity sale ever, though some
claim that since the true public market portion was "only"
about $20 billion, it is merely the LatAm champ.
There may have been less
contentious follow-ons, like Banco do Brasil, or others
performing better in the after market. Petrobras was great if
you were the government, annoying if you were a minority
shareholder. But few could question its significance during an
election year for a country that is now firmly on the global
"The stakes had...
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