Brazil's Economy Is Perking Up (If You Know Where to Look)
Brazil's Economy Is Perking Up (If You Know Where to Look)
The resurgence of initial public offerings of stock among Brazil-based companies marks the end of a dry spell.
After weathering the worst recession of a century, Brazil’s economy is showing signs of life. Unemployment is down, GDP is up, and an important sector is enjoying a sustained comeback: The capital markets for initial public offerings, or IPOs, for Brazil-based companies are the most active they have been in at least six years.
The first three quarters of the year were strong, with IPOs from eight Brazil-based companies – the most since the same period in 2011, according to Dealogic. These include airline Azul and the Brazilian subsidiary of French retailer Carrefour.
The...
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