Search
 

Emerging-Market IPOs Slump From Brazil to Russia

Expected boom in new offerings fizzles as interest rates rise and share prices fall.

X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

The emerging-market initial public offering boom, predicted for Brazil, Russia and India, is fizzling as inflation sends interest rates up, share prices down and prompts companies to scale back or cancel sales.

While Brazil’s stock exchange chief, Russia’s biggest underwriter and India’s government projected IPOs would rise threefold this year to $64 billion, issues are falling. Brazil dropped 29 percent from the year before to $2.7 billion and India sank 74 percent to $753 million, the least for the period for both since 2009, data compiled by bourses and Bloomberg show. Russia rose 16 percent to $3.3 billion and China slid 4.3 percent to $32 billion.

Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.

Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM websites including PropertyCasualty360.com and Law.com.

Already have an account?

Recommended Stories

Exxon Mobil’s Last-Ditch Effort to Stave off a Coup

Scott Deveau, Saijel Kishan & Joe Carroll |

Despite pausing its annual meeting for an entire hour, during which executives allegedly called shareholders and pressured them to change their vote, Exxon Mobil gained two climate activists as new board members.

Treasury & Risk

Join Treasury & Risk

Don’t miss crucial treasury and finance news along with in-depth analysis and insights you need to make informed treasury decisions. Join Treasury & Risk now!

  • Free unlimited access to Treasury & Risk including case studies with corporate innovators, informative newsletters, educational webcasts, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM publications including PropertyCasualty360.com and Law.com.

Already have an account? Sign In Now
Join Treasury & Risk

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.