Brazil’s IPO wave has already generated more than US$11 billion this year

The size of the offerings is about four times the net revenues of equity funds, which totaled R$3.2 billion through Thursday, July 29, according to Anbima.

RIO DE JANEIRO, BRAZIL - ClearSale shares debut in B3 this Friday, the 30th, after being priced at the high end of the indicative range, suggesting investor appetite for new stories unabated.

This year, R$56.26 (about US$11) billion has already been moved through IPOs, according to securities regulator CVM. However, the figure is even higher when including offerings conducted with limited effort and aimed at a small number of professional investors.

In July alone, IPOs turned over R$13 billion. The size of the offering is about four times the net revenues of equity funds, which totaled R . . .

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