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Brazil IPO activity heats up with bank, food offerings
Resurgence would aid lackluster global IPO market
By Carla Mozee, MarketWatch
LOS ANGELES (MarketWatch) -- Investors eager for new ways to buy emerging markets assets are beginning to turn to Brazil, where a successful launch of a credit-card firm and planned offerings from a bank and a food industry heavyweight hold promise for revitalizing a sluggish global IPO market.
Late last week, Spanish banking heavyweight Banco Santander SA /quotes/comstock/13*!std/quotes/nls/std (STD 14.61, -0.02, -0.14%) informed Brazilian regulators of its plan for an initial public offering on the stock exchange in São Paulo. Brazilian beef and pork producer JBS SA is planning to launch shares in its U.S. unit on the New York Stock Exchange.
An official for the operator of Brazil's stock market says the exchange expects to see more companies list in the second half of this year, though activity is unlikely to reach the intense level of 2007.

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