An IPO wave will continue in 2005. Fixed income markets are on an upswing. Does Brazil finally have the mature capital markets it so badly needs? Not yet.
Category: Equity
Posted inDaily Brief
Arauco Plans Bond Issue
Chilean pulp maker Celulosa Arauco y Constitucion (Arauco) plans to place a $300 million bond issue on the New York Stock Exchange April 12. The company has begun a road show to advertise the sale that will travel to Singapore, Hong Kong, London, Boston and New York. JP Morgan is the lead manager of the issue.
Posted inMagazine
Pioneering IPOs
IPOs were unusually plentiful in Latin America last year. Nearly a dozen companies went public in São Paulo, Santiago and Mexico City – the region’s three main financial centers. But Brazil, […]
Posted inMagazine
Filling the Racks
The president of Mexico’s Stock Exchange wants to build a one-stop shop for investors. The first customers? Private pension funds.
Posted inMagazine
Vanishing Point
A record-setting performance by Mexican stocks has triggered a wave of IPOs, but the market is still shrinking.
Posted inMagazine
Cencosud Bags Retail Investors
The Chilean grocery store chain storms into the stock market with an IPO aimed at domestic and international investors and feeds an appetite for Latin shares.
Posted inMagazine
Corpbanca’s Rare Performance
Chile suffered a five-year drought of equity offerings until last November when a bank with some big-name backers became the first Chilean company to launch an IPO since 1997. Corpbanca’s […]
Posted inMagazine
Business & Banking
Brazilian Government Sells Its CVRD Stock The Brazilian government raised $1.6 billion from the March sale of 68.5 million shares of Cia Vale do Rio Doce (CVRD), the privatized mining […]
Posted inMagazine
Only One Winner
The Mexico City Stock Exchange’s IPyC share price index is the only one to have performed reasonably well over the last five years. It is nearly 70% above where it […]
Posted inMagazine
Up, Running and Waiting
The East Caribbean Stock Exchange (ECSE), based in St Kitts, has state-of-the-art trading technology, but after five months in business it still has only two listings. Even so, the exchange […]