Morgan Stanley Sees Record Brazil IPO Dry Spell Lasting All Year

  • Ibovespa’s 2016 surge isn’t enough to end 14-month drought
  • Five secondary offerings may price by year-end, firm says

Brazil’s record 14-month dry spell for initial public offerings will probably last at least through the end of this year, Morgan Stanley said, even after the nation’s stock market surged more than any other major exchange in 2016.

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