Photo: Dencg
Instead of the traditional confetti and bell-ringing on the trading floor, a Zoom video-conference broadcasted on YouTube welcomed parking operator Allpark to São Paulo’s stock exchange (B3) on May 15. Besides the changes to the traditional initial public offering (IPO) ceremony, the owner of the Estapar brand of parking lots is also innovating in the entire process of going public during a pandemic.
As explained by André Iasi, Estapar’s chief executive officer, the entire book-building process — the pre-IPO hype designed to raise investors’ appetite for shares — was carried out entirely online, due to the coronavirus-imposed quarantine. “We had the first 100-percent digital roadshow in history,” rejoiced Mr. Iasi. Despite the tough circumstances, he celebrated the fact...
Cities with a high percentage of voters for former far-right president Jair Bolsonaro recorded higher…
Welcome to our Tech Roundup, where we bring you the biggest stories in technology and…
The Central Bank’s latest Focus Report, a weekly survey of leading banks and investment firms,…
After 50 years, the treaty on Brazil and Paraguay’s shared dam is up for renewal.…
Much of the discussion about freedom of expression in Brazil has been brought to the…
The government wants Magda Chambriard to take over the company, bringing in an engineer who…