IPO market sends mixed messages in Brazil

IPO market sends mixed messages in Brazil

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

The market for initial public offerings (IPOs) in Brazilian appeared to keep apace on Thursday as Hidrovias do Brasil priced the largest deal so far this year and Rede D'Or confirmed plans to consider a possibly larger sale. But federal savings bank Caixa Econômica Federal exposed some of the uncertainty in the market as it cancelled a planned IPO for its insurance division Caixa Seguridade. Hidrovias, a waterways logistics company backed by Pátria Investimentos and Temasek, moved BRL3.44 billio

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