July IPO Season Challenged by Sour Markets
The Bovespa and Mexican Bolsa continued to lose ground along with global equity markets last week, creating fresh doubts about the IPOs in the Mexican and Brazilian pipelines that had hoped to price before the traditional August vacation period. Follow-ons might still get done, bankers say, but the 5 Brazilians and one Mexican with filed documents now face longer odds to get a deal done in the July window. If bad...
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