IPOs regain strength

Despite recent market turmoil that led some companies to cancel initial public offerings in September, a new wave of IPOs gained strength in October.

So far, 12 were filed, the second highest monthly number, after August. Some are transactions of large scale and expected for some time, such as Casa de Pedra, CSN, Rede D’Or and Tok&Stok, but others surprised the market, like Grupo Big (former Walmart) and Oba Hortifruti. So far this year, IPOs already raised R$94.2 billion, a historical record.

Source: Valor International