By staff reporters
Itaú 2013 Investor Perception Study: Shopping spree
Mar 1, 2013
Retail, mining and processed foods are investors' favorites according to LatinFinance's survey of six industries. Andean countries come out on top and Argentina, at the bottom
Buyers put in for about $2 billion of stock when Mexican retailer Sanborns raised $950 million in its IPO in February, one of the new year’s most anticipated equity sales. The same week, Brazilian IT firm Linx drew more than $4 billion of orders in its $265 million sale – mainly because international buyers liked the firm’s retail focus.
These deals won’t get done at any price, as Sanborns showed by landing near the bottom of its range. But the demand demonstrates the broad confidence in Latin America’s retail sector.
This theme stands out in a survey of investors’ and equity analysts’ views on six sectors, jointly conducted by Itaú Unibanco, Management & Excellence (M&E) and LatinFinance.
The Itaú 2013 Investor Perception Study on Latin American Industrial Sectors polled 32 investors and strategists from 14 countries around the world between November 2012 and January 2013....
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