By staff reporters
Itaú 2013 Investor Perception Study: Shopping spree
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
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
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
Already have an account?
Subscribe now for unlimited access to all current and archive news, data and market analysis.
Take a free two-week trial now for the latest news, data and market analysis.