BR Partners pulls out of IPO

BR Partners pulls out of IPO

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

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

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial