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Cautious Optimism in Brazil as Appetite Returns for I.P.O.s

Mar 16, 2017 - The New York Times

RIO DE JANEIRO — The three-year drought of initial public offerings in Brazil is finally starting to dissipate, giving hope to investors from São Paulo to New York and Boston. Some expect that more than a dozen deals will be filed by the end of the year.

Among them is the trading debut of XP Investimentos, a 15-year-old financial services firm, backed by the American private equity firm General Atlantic. XP Investimentos hired JPMorgan Chase in the past few weeks and is looking to go pu...