Issuance of stocks exceeds R$101bn in 2020

The Brazilian capital market is in an atypical year and not because of the pandemic. The volume raised through stock issuance further expanded this month the record reached in October, data from exchange B3 and Anbima, the association of securities firms, show. Capital raising through equities surpassed R$101 billion in 2020, which means it exceeds in R$11.4 billion the volume obtained in full 2019. Excluding 2010, when Petrobras raised R$120 billion in a one-off event, variable income emissions in 2020 also exceed R$100 billion for the first time. A decade ago, apart from the oil company’s transaction, the Brazilian companies raised just under R$30 billion in the domestic stock market. This year’s figure will grow even more as Rede D’Or’s IPO, which is in the pricing stage, should raise R$12 billion.

Source: Valor International