Smiles Up, Seguridade Down in First Session

Smiles Up, Seguridade Down in First Session

Brazil Equity

Last week’s pair of large well-bid Brazilian IPOs had contrasting fates in their first day of trading. Smiles, which raised BRL1.13bn ($565m) but priced near the low end of the range, was up 6.0% to BRL23.00 Monday. BB Seguridade, meanwhile, sank 2.4

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial