BofA expects at least 10 Brazilian IPOs in 2027
Bank of America Corp BAC | 0.00 |
SAO PAULO, May 26 (Reuters) - Bank of America BAC.N expects at least 10 initial public offerings (IPOs) by Brazilian companies in 2027, executives told reporters on Tuesday.
Listings expected to take place both in Brazil and the United States.
Deals should start at around $500 million to attract investors and ensure sufficient liquidity, said Bruno Saraiva, BofA's co-head of Investment Banking Brazil and head of Equity Capital Markets Latin America.
Compass Gas e Energia PASS3.SA completed an IPO earlier this month, ending a nearly five-year drought on Brazil's B3 stock exchange B3SA3.SA.
Despite the local drought, Brazilian companies such as digital bank PicPay and fintech Agibank have been able to list shares on U.S. exchanges.
