As Discounts Public shares (IPOs) of Brazilian companies in the United States may have the highest score in history by the end of 2021. Five more are scheduled to launch on the Nasdaq or New York Stock Exchange (NYSE) by December, after it was launched there by four companies (Patria and Vinci in January, and Genvia and Vitex in July).
Over the past five years, Brazilian efforts have managed about $ 9 billion in U.S. IPOs in 13 operations. This does not include transactions of companies already operating in other markets. This volume is still low in relation to the Brazilian and US markets, but it is gradually increasing.
By 2021, national businesses have already raised $ 1.44 billion. The final volume depends on whether the companies can get the desired prices. PicPay, for example, could reach $ 5.8 billion, but wants to leave the queue for now. In recent years, when three IPOs were made, the maximum amount received in a year was US $ 3.72 billion in 2018.
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These efforts include names like Nupunk and Hotmart. Rumor has it that Elo, CI&T and even the host may be in the US. By the beginning of 2022, this could be the turning point for iPhones and Credits. “Brazil is an important part of our growth and we hope this movement will remain strong on the New York Stock Exchange until the end of the year,” said Alex Ibrahim, NYSE’s Head of International Markets.
For now, companies want to keep their plans secret. Hotmart says “no decision has been made and no plans to announce a move in this direction at this time.” Nubank, Elo and CI&T declined to comment. The moderator, on the other hand, says he has no information to share on the topic.
At the same time, almost 50 companies have been added to B3 this year alone. 2021 was a very favorable year for the market in Brazil and abroad, says Roderick Greenlees, President of Ida BPA’s Global Investment Bank. “The rate for Brazilian companies is 90% for local entries and 10% for international companies, showing that this is only a small fraction. IPO Outside the country, ”he points out.
According to Gilherm Janin, a strategist at Avenue Securities, this trend is caused by a combination of factors. For example, we have a large amount of capital in the US stock markets, investments are more focused in the long run and with resources allocated in a strong currency, ”he points out.
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