Brazilians Prep for Big IPO Day

Brazilians Prep for Big IPO Day

Brazil Equity

Two of Brazil’s largest and most anticipated IPOs of the year are scheduled to price tonight, in what the market hopes is another sign of a revival for new issuance conditions. Despite concerns about both issuers, both Banco do Brasil’s BB Seguradade and Gol’s Smiles covered their order books some time ago. Pushed along by domestic pension fund demand, the BB Seguridade insurance business carve-out could be the region’s biggest IPO since Santander Brasil in 2009. It is offering 500m secondary sh

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