November 1, 2006
The region's two main stock market indices have hit fresh highs as demand for equities outstripped supply. But more deals are on the way and a robust 2007 is anticipated, mainly in Mexico, but also in Argentina and Colombia. Brazil on the other hand has enjoyed a very strong 2006 and is likely to see issuance level off or even drop somewhat.
Dizzy heights: São paulo equity trader gets his heart checked.Although Mexico has suffered much drier spells, 2006 issuance leaves a bit to be desired. Companies raised just $1 billion compared to nearly $2 billion in 2005, and IPOs fell to two from four. Pedro Zorrilla, general manager of the Mexican Stock Exchange, says hotly-contested
A bullish 2007 is forecast for Latin American equities, with a steady stream of IPOs and heavy flow in secondary trading.