Outlook complicated for new stock sales in Mexico, Brazil this year

Outlook complicated for new stock sales in Mexico, Brazil this year

Argentina Brazil Chile Mexico Equity M&A

Latin America’s equity capital markets took some heavy blows in 2016, and ECM bankers are glad to see a year with very few transactions come to an end.“2016 was horrible,” one ECM banker says, finding just one silver lining. “The good thing is that the benchmark for 2017 is very low."Intermediaries are expecting a busier roster of work from Brazil than Mexico, at least in the coming months, as investors study the implications of the new US administration on its neighbor to the south. Already, Mexican issuers have turned their focus to other sources of capital. Hotelier Playa Hotels & Resorts pulled IPO plans in December in favor of a $500 million capital increase from Pace

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