Another Busy Week for Brazil IPOs

IPOs from two mid-cap banks and an educational company were expected to hit the market early this week in Brazil. Banco ABC is expected to bring a $365m IPO via UBS-Pactual and Itaú BBA Tuesday, according to Dealogic. The price range was BRL11.50-BRL15.50. Banrisul is also expected to bring as early as today an estimated $1bn offering via Credit Suisse and UBS-Pactual at a proposed range of BRL10.50-BRL13.50. Also Tuesday, an offering from Estacio Participações is expected to raise around $400m. Sole lead manager UBS-Pactual has announced a range of BRL32.50-BRL42.50.