Goldman Joins Bovespa IPO

Goldman Sachs is expected to take a lead role in the upcoming IPO of the Bovespa, Brazil’s stock exchange. It will have joint books with Credit Suisse, according to a banker away from the deal. Goldman is ramping up in Brazil and previously had joint books on Banco Daycoval, as well as Cosan, which was widely criticized. A Goldman spokesman declined to comment on the Bovespa mandate.