IPO Odds Poor for Remainder of Year

IPO Odds Poor for Remainder of Year


Conditions are rough for all borrowers, but as the Bovespa had another 6.7% drop Tuesday, the outlook for equity is especially bleak. The three LatAm IPO hopefuls – VisaNet, San Antonio, and El Tejar – face difficult odds for pricing in 2008, say investors and bankers eyeing the market. “Unless there’s a desperate need for the funds I would wait until 2009,” says Will Landers, manager of BlackRock’s $8bn committed to the region, taking a hypothetical underwriter’s point of view. VisaNet, the cre

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