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Brazilian Companies’ Initial Public Offerings’ Shares Rise by up to 185 Percent

RIO DE JANEIRO, BRAZIL - Record after record, the IBOVESPA exceeded 117,000 points this week, accumulating a return of over 33 percent for the year. But those who invested in companies that went public in 2019 had, in most cases, a return above the main stock index.

Of the seven Brazilian companies that went public in Brazil and abroad, only BMG bank saw a drop in its shares in the period. All the other stocks accumulate valuations above their main reference indexes: the IBOVESPA, in the case of Brazil, and the S&P 500, in the case of the . . .

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