January 01 2010

LatAm Equity: Price Isn’t Right

There is much to look forward to in LatAm equity. On the new issue side, most of the action will be concentrated in Brazil, which had an extraordinary year given the dearth elsewhere in emerging markets.

Investors are likely to be particularly choosy when it comes to buying IPOs, thanks to a slew of apparently over-priced offerings in the latter part of 2009.

"[Deals] have been priced a bit expensively," Walter Mendes de Oliveira, head of equities at Itaú Unibanco Asset Management (IUAM) in São Paulo, tells LatinFinance, referring to the second half of 2009.

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