Brazil: In “desert” of IPOs, B3 resumes movement with privatization auctions

RIO DE JANEIRO, BRAZIL - In the first months of 2022, the bell that marks the arrival of a new business to the stock market remained silent, given the volatile scenario because of the war between Ukraine and Russia and the proximity of the elections. What made up for part of this "IPO desert" for the Brazilian Stock Exchange (B3) were the auctions of public assets.

No less than 15 such events were held at the traditional old Bovespa venue . . .

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