Madero leaves IPO on back burner

Madero leaves IPO on back burner

Corporate & Sovereign Strategy Economy & Policy Equity IPO Brazil Capital Markets Interviews

Brazilian burger chain Madero may not try again to carry out an initial public offering (IPO) after a few frustrated attempts to go public during the COVID-19 pandemic, CEO Junior Durski told LatinFinance on Friday. "Frankly, I do not think we will complete an IPO this year. Markets are edgy due to the elections," Durski said. "I do not have much hope that it will happen next year. It does not depend on us. It depends on the market." In the meantime, Curitiba-based Madero plans to 21 new restaur

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