RIO DE JANEIRO, BRAZIL - Four healthcare companies have pulled out of their initial public offerings (IPOs).
Hospital Care Caledonia, Laboratório Teuto Brasileiro, Kora Saúde, and Bionexo have canceled their operations, according to the website of the Brazilian Securities and Exchange Commission (CVM).
This brings the total of IPO cancellations this year to 55 cases, according to CVM data.
However, the figure takes into account companies that withdrew their offerings through CVM 400 but were still able to go public with limited effort through Instruction 476.
This is the case with Dotz, Livetech, 3Tentos, Agrogalaxy, BR Partners, G2D, Infracommerce . . .