September 25, 2020 |
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
Private healthcare company Rede D'Or considers a $2.7 bln offering as Hidrovias prices an IPO and Caixa calls off another