Brazilian IPOs Aim for December

Brazilian IPOs Aim for December

Equity

Despite the bad news from Karoon Gas’ pulled listing last week, Brazilian IPO hopefuls Droga Raia and Desenvix Energias Renovaveis still aim to price in December, according to bankers on the transactions. Though market conditions remain questionable, both issuers are said to have documentation ready for launches in time to price by mid-December. Neither have indicated the size of their float. Both should benefit from being outside the oil sector, investors say, though renewable power generation

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