BICBanco Plans IPO

Brazil’s Banco Industrial e Comercial (BICBanco) is planning to float its stock on Bovespa, the company said in a filing with the securities commission, CVM. UBS is coordinating the offering. The Bank, which specializes in trade finance, was the country’s first bank to join the IFC’s Trade Finance Facilitation Program (TFFP) as an issuing bank, last February. It is the ninth-largest private bank, serving medium-sized companies.