Escape From New York

Escape From New York

Brazil's flag flies proud at the NYSE.Companhia de Saneamento de Minas Gerais (Copasa) is a company on the go. Providing water to Minas Gerais, Brazil's second largest state, Copasa has graduated from posting consecutive deficits in the 1990s to being lauded as one of the country's most profitable utilities. In early February, the company cemented its turnaround with an initial public offering (IPO) attended by political bigwigs and other luminaries. To attract discerning investors, though, Copasa issued on the São Paulo Stock Exchange's Novo Mercado, rather than on the New York Stock Exchange. Citigroup and Unibanco underwrote the deal. Even though IPOs are through the roo

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