By Carolina Mandl
RIO DE JANEIRO, BRAZIL - (REUTERS) The first IPO by a Brazilian state-controlled company under President Jair Bolsonaro's government has emerged as a test of whether his penchant for intervening in the running of state-run firms will dampen investor interest in the Brazilian market.
The government has already slashed by a third the valuation of Caixa Seguridade, the insurance unit of state bank Caixa Economica Federal, ahead of its planned roughly US$1 billion IPO. It will be the government's third such attempt to list the business, after pandemic-related delays.
The IPO comes . . .
To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed? Login Here