Processed Foods: The Next Wave Of Brazilian IPOs

Following almost a dozen real estate IPOs, and with six mid-sized banks lined up to go public, Brazilian bankers are expecting a new wave of offers from the meat processing sector. In March, beef producer JBS Friboi raised $787m in an IPO and Marfrig, an integrated meat processing company, filed a registration on April 18. JPMorgan and UBS led JBS while Merrill Lynch has books on Marfrig. “There are about five companies in this sector that have a real chance of making it out this year,” says a head of local capital markets.