Four more add to IPO pipeline in Brazil

Four more add to IPO pipeline in Brazil

Capital Markets Corporate & Sovereign Strategy Equity IPO Rule 400 Brazil Latin America

Retail group Uni.co biofuels producer Oleoplan, seeds supplier Boa Safra Sementes and mobile phone app developer Bemobi Mobile Tech added their names to the list of companies planning to carry out initial public offerings (IPOs) in Brazil and take advantage of a recent rise in the local stock market. Boa Safra Sementes said in a preliminary prospectus that it hired XP Investimentos to coordinate its offering and added that it will use the proceeds to fund acquisitions and add to working capital.

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