Brazil Business – Business Exchange
Recently, the rapid expansion of the middle class in Brazil has forced researchers to think deeply about how best to reach out to these newcomers. We recently compiled some of the quirks of conducting projects in Brazil versus other countries.
SCHUMPETER, our sister blog, has just published an article on the initial public offering of BTG Pactual, a Brazilian investment bank. Read it here.
AFTER some weeks of speculation BTG Pactual, a Brazilian investment bank, announced its plans on March 1st for an initial public offering (IPO). Neither the volume nor the timing were stated in the regulatory filing. Local gossip suggested perhaps 1.5-2 billion reais ($870m-$1.16 billion), with no clue as to when. The shares will be listed locally, on the São Paulo stock exchange, and on Euronext, in Amsterdam.