SAO PAULO, May 26 (Reuters) – Bank of America 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 completed an IPO earlier this month, ending a nearly five-year drought on Brazil’s B3 stock exchange.
• Despite the local drought, Brazilian companies such as digital bank PicPay and fintech Agibank have been able to list shares on U.S. exchanges.
(Reporting by Luciana Magalhaes; Editing by Gabriel Araujo)
