Santander, Verisk IPOs get US$10bil


NEW YORK: Mammoth IPOs by the Brazilian unit of Spanish bank Banco Santander and US risk specialist Verisk Analytics Inc raised nearly US$10bil on Tuesday, almost twice the amount raised by US-listed IPOs in 2009.

Banco Santander (Brasil) SA raised US$8.05bil, after selling 600 million units for 23.5 reais each, within the estimated range.

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