HBI Deals+Insights / M&A/IPOs

Alliar breaks Brazil’s IPO drought

Brazil's third largest lab group Alliar floated on Friday 28 October at R$20 per share. This raises roughly US$88m in cash for its buy-and-build in southern Brazil. Investors celebrate the accomplishment as it puts an end to a yearlong IPO drought in Sao Paulo amidst recession.

We would welcome your thoughts on this story. Email your views to Francesc Milla-Martinez or call 0207 183 3779.