The volume of equity capital market raisings for 2012 -
standing at $23.78 billion towards the end of December - has
fallen well short of the $34.65 billion for 2011 (itself
Bankers and many issuers are hoping for a rebound this year.
There are grounds for optimism on two fronts: the belief that
Brazilian valuations are so low that investors will regain
their interest and continued enthusiasm for the ex-Brazil
story. And, say some bankers on a grimmer note, could things
get any worse?
At the end of 2012, Mexico continued to be the bright spot
in the sector. Macquarie brought a Fibra real estate fund
transaction. (Fibras are similar but not identical to REITs.)
This was the largest-ever real estate IPO...
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