Worst Brazil IPO Drought in Decades Is Set to End, Bankers Say
- First initial offerings may come as early as in second quarter
- Brazilian equity deals seen growing as much as 60% in 2024
Pedestrians walk by the Brasil Bolsa Bacao stock exchange in Sao Paulo.
Photographer: Patricia Monteiro/BloombergThis article is for subscribers only.
The longest hiatus in Brazilian initial public offerings in at least two decades is likely to come to an end as early as the second quarter, according to investment bankers.
After a more than two-year drought, underwriters from Bank of America Corp. to Morgan Stanley expect activity to pick up amid signs that the Federal Reserve is done with its hiking cycle and as interest rates decline at home. Companies from sectors such as infrastructure, retail, technology and real estate could come to market, according to BofA.