Santander expects an offer of 30 billion US dollars



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(Bloomberg) – In Brazil, at least 30 IPOs are expected to raise about $ 15 billion over the next 18 months in Brazil, while the following are expected to reach $ 15 billion additional dollars. the Banco Santander Brasil.

"2019 will be a very active year," said André Rosenblit, Head of Equities at Santander Brazil. "In 2018, the electoral process has severely dampened equity bids." Operations were relatively rare and few. This scenario has changed, "said Rosenblit in an interview at the bank's office in São Paulo.

The change in perspective of equity offerings in Latin America's largest economy occurred while investors President-elect Jair Bolsonaro will adopt a market-friendly program to privatize inefficient state-owned enterprises and promote fiscal measures to address the country's growing public debt, particularly pension reform

concentrated in the first half of next year, where there could be about 10 IPOs.

"Historically, in the first six months the government has more flexibility, greater marketability. The market is moving towards more transactions in the first quarter of 2018, "said Rosenblit.

Stocks of Brazilian companies fell by 17.6 percent this year to 31.5 billion of R $ PagSeguro Digital Ltd and StoneCo Ltd were manufactured in the United States

According to Rosenblit, the participation of local investors in transactions tends to be a little larger than in the past, as "We are waiting good demand from local investors, "he said.

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