September 24, 2020 |
Brazilian investment bank BR Partners said Wednesday that it withdrew its registration for an initial public offering (IPO) due to the "strong volatility" in the financial markets in recent weeks
BR Partners said recent fluctuations in the market "would make it impossible to carry out the offer" under conditions that are "consistent with the company's fundamentals."
The Ibovespa index on the B3 stock exchange in São Paulo has fallen 6.86%, or more than 6,500 points, in the past month. It dropped
Brazilian investment bank blames "strong volatility" for the decision to call off its stock market debut