Smaller IPOs Struggle (1)

Smaller IPOs Struggle (1)

Equity

Helbor Empreendimentos, a small Brazilian real estate developer, and Agrenco, an offshore-based agriculture company, were slated to price IPOs late Tuesday. Things were looking far from rosy – in stark contrast to the Bovespa – underscoring investor preference for liquidity in these uncertain global times. Helbor slashed the low end of its price range to BRL13.00, from BRL16.00 earlier this month, and it is expected to come close to the bottom of that, say bankers close to the process. This woul

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