Equity news: Going strong
A busy pipeline of Brazilian IPOs and follow-ons is setting 2013 up to be one of the better years for Latins in the equity capital markets
By Ben Miller
Latin American companies are heading for one of their best capital-raising years in the equity market in recent memory. Mexicans have taken many of the headlines, but Brazilians are lining up again for the autumn window. If the early-September pipeline of deals is executed successfully, it will mark 2013 as an unequivocal success.
Due to arrive in September and October in Brazil were a follow-on from auto parts maker Tupy, raising perhaps $500 million, as well as several smaller IPOs. Growing for-profit educators Ser Educacional and Ánima Educação will try their luck, as will a trio of vehicle logistics, tracking and security firms...
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