BMG renews IPO talk

BMG renews IPO talk

IPO Equity Corporate & Sovereign Strategy Brazil

Brazil's Banco BMG said it has resumed talks with local and foreign banks about a possible IPO of preferred shares, eight months after the midsized lender called off a share sale in choppy market conditions. BMG added that is has not defined the terms of an IPO and repeated that any offering is subject to market conditions. The bank had hired six underwriters — JPMorgan, BB Investimentos, Citi, Itaú BBA, Banco Plural and XP Investimentos — in October last year to lead an IPO worth as much as BRL

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