Banco Patagonia, Minerva IPOs Next

Expected today in the IPO boom are Argentina’s Banco Patagonia and Brazilian beef producer Minerva. The latter is looking to raise up to $264m equivalent from the sale of ordinary shares in a BRL15.50-BRL21.50 range through Credit Suisse and Itaú, according to Dealogic. Patagonia is meanwhile scheduled to place just under $310m equivalent in a dual exchange issue through JPMorgan. Some $260m will be in Argentina and the rest in Brazil for retail. All are in Argentine pesos, according to Dealogic. Co-managers on Patagonia are Mercado de Valores de Buenos Aires and Patagonia Valores Sociedad de Bolsa.