Azul Linhas Aereas will meet with its coordinating banks next week to finalize a launch date for its potential initial public offering, LatinFinance understands.
The Brazilian low cost carrier is expected to price an IPO before the end of April and in doing so, may create a window for more Brazilian offerings, an equity capital markets banker said.
Real estate player Log Commercial Properties, healthcare services firm Intermedica and retailer Carrefour are also expected to follow with IPOs, he added.
Companies have until April 27 to utilize the existing market window, a second ECM banker in Sao Paulo said, as anything after that will require documents accounting for Q1 financials.
“In Brazil’s case, equities are still hot,” he said. “So any company that is looking will be looking to take advantage of the current market window and get ahead of the usual quiet period in summer.”
Azul last month presented preliminary documents for an IPO on the New York Stock Exchange and the BM&FBovespa in Sao Paulo.
Banco do Brasil, Bradesco, Citi, Deutsche Bank, Itau BBA, JPMorgan, Raymond James and Santander were named bookrunners.