LatAm Equity Markets Set to Rise: Citi

LatAm Equity Markets Set to Rise: Citi


LatAm’s equity markets are expected to return 32% by the end of the year, according to a report by Citi. Growth will be driven primarily by Brazil’s Bovespa, which the bank expects to generate a return of 38.1% for the year to reach 87,500. IPO activity is expected to continue at a healthy pace. Despite fears that LatAm equity issuance is overdone, Citi notes only 15 companies have come to market so far this year, compared to 37 companies going public in a single quarter during the 200

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