RIO DE JANEIRO, BRAZIL - The more IPOs are done on the Brazilian stock exchange, the longer the queue gets. Last year, the stock market ended up with 25 IPOs and a line of 40 companies waiting to launch their shares. This year, there have already been 13 IPOs and even so the line continues to grow and there are now almost 50 companies on the waiting list.
In March alone, 10 companies registered their offerings for analysis at the Securities and Exchange Commission of Brazil (CVM), in addition to the Brazilian companies that go straight to Nasdaq.
Managers say that . . .