Brazilian tech firms favor US listings

Brazilian tech firms favor US listings

IPO Equity Capital Markets Corporate & Sovereign Strategy Regulation Brazil

Brazilian technology companies prefer to list shares in the US market, rather than the B3 stock exchange in São Paulo, panelists said at an event organized by the Brazilian-American Chamber of Commerce in New York. "There is a concentration of tech investors in the US. You have high liquidity, and there is a valuation of multiple arbitrage," said Scott Sobel, managing partner and co-founder of the venture capital firm Valor Capital Group. In addition, more than 90% of Brazilian startups are inco

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