Equity deal of the quarter century: Bovespa Holding

Equity deal of the quarter century: Bovespa Holding

BRL6.63bn IPO, 2007 The possibilities for equity issuance by Latin American companies have expanded since Bovespa Holding’s 2007 IPO. But the deal’s intricate structuring and its standing as one of the most substantial IPOs to date from any exchange, put it top of its class in Latin America. It required particular skill from the stock exchange’s top executives and bankers hired to transform a complex partnership of dozens of broker-dealers into a publicly traded entity with a single share class. The 6.63 billion real ($3.68 billion) transaction was multiple times oversubscribed and shot through a 15.50-18.50 real per share indications to price at the top of a revised 20.00-23.00 real rang

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