Pactual Considers IPO

Brazilian investment bank Pactual may be about to practise what it preaches: the firm that has been active in recent years in advising clients on issuing IPOs, is itself considering an initial public offering to generate cash flow for expansion plans. There has been a renaissance of IPOs in the Brazilian market in recent years. Last year, Pactual led six of the 18 IPOs on the São Paulo exchange. Two months ago talks broke down between Pactual and Goldman Sachs regarding a possible partnership.