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Brasil Travel Shelves IPO Indefinitely

Feb 10, 2012

Brasil Travel Turismo e Participacoes has indefinitely postponed its initial public offering, dashing hopes that this issue would kick start the Brazilian IPO market this year. The company was heard citing unfavorable market dynamics. Investors pushed back in what some described as a buyers’ strike after several bids were put in below the BRL1,250-BRL1,650 range.. This comes despite what some...

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