Brazil's IPOs performed well between 2012 and 2020, according to a survey by Credit Suisse

87 IPOs moved BLR 150 billion and had a good returns for investors in the long term

Photo: Shutterstock

Companies that made IPOs (initial public offering of shares) between 2012 and 2020 saw their papers generate good returns for investors in the long term, shows research conducted by Credit Suisse and exclusively published by Valor Econômico newspaper.

The Credit Suisse survey analyzed 87 transactions that moved BLR 150 billion, including 9 IPOs of Brazilian companies on the American exchanges and 15 offers from companies that were already on the exchange, but gained more liquidity and made a new round of sales.

READ ALSO: Ahead of IPO, Caixa speeds up to add more features on Caixa Tem app

The record year for offers was 2020, in which 34 IPOs were held – equivalent to the sum of offers from 2017, 2018 and 2019. However, the volume of money handled, BLR 48.6 billion, was lower, since that the average value of the offers was the lowest recorded since 2016.

READ ALSO: Brazil’s Bemobi IPO could turn over BRL 1 billion

2018 was the year with the best performance for IPOs, with an appreciation of 29% of the shares, followed by 2012, with an increase of 208%. In 2018, companies such as Banco Inter and Hapvida on the Stock Exchange debuted on the stock exchange, in 2012 the positive result was leveraged by Unidas IPOs (which holds the record increase since the initial offer, of 825%) and BTG Pactual.

Get the best insights about Latin America market in your inbox