Economy

February will be unusual with booming offers in the Brazilian stock market

Companies usually wait for the end of the traditional Carnival to launch its IPOs or make its listings, but the COVID-19 pandemic hastened the Brazilian stock market that year

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  • Companies usually wait for the end of the traditional Carnival to launch its IPOs or make its listings, but the COVID-19 pandemic hastened the Brazilian stock market that year;
  • The volume of trades expected for February also is related to the re-IPO of the Dasa laboratory, which can result in 13 operations and can raise up to BRL 22 billion.

At least 12 companies intend to trade on the Brazilian stock market in February, reported the newspaper Valor Econômico. This is unusual for the month, as companies usually wait for the end of the traditional Carnival to launch its IPOs or make its listings – to have an idea, according to the report, in the last 17 years, in eight there were no listings in February. The COVID-19 pandemic, however, hastened the Brazilian stock market that year.

According to the analysis, investors usually prefer to wait for Carnival to then analyse the full results of the previous year, but now, with the changes imposed by the pandemic of COVID-19, while companies take the opportunity to make their offers on the stock market with the numbers of the third quarter, investors also look at the oldest record.

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The volume of trades expected for February also is related to the re-IPO of the Dasa laboratory, reported Valor Econômico, which can result in 13 operations and can raise up to BRL 22 billion. Intelbras yesterday priced the first offer of the month; and this week offers are still expected from e-commerce Mobly, tech Mosai and Focus Energia.

Another 15 companies had registered for listings in February, but its have already revised the deadlines and will launch its offers with its most current numbers.

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Marcelo Millen, from Citi Brazil, said he is optimistic to reporter Maria Luíza Filgueiras. “We are going to break records this year in terms of volume and number of offers. I’m super optimistic, the IPO pipeline has never been this big.”

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