RIO DE JANEIRO, BRAZIL - Forty-five Brazilian companies are still waiting for approvals for their plans for initial public offerings, documents showed on Friday, signaling the IPO market remains active despite the threat of stronger government intervention in the economy.
Five new IPOs were requested this week by energy companies Rio Alto Energias Renovaveis and Rio Energy Participacoes, apparel retailer Avenida, tech solutions provider Infracommerce and health services provider Bionexo, according to documents on the securities industry regulator CVM website.
The Brazilian real has lost almost 30% this year against the dollar and the benchmark stock exchange index Bovespa is . . .