Worst Brazil IPO drought in decades set to end

Companies from sectors such as infrastructure, retail, technology and real estate could come to market, according to BofA. — Bloomberg

SAO PAULO: The longest hiatus in Brazilian initial public offerings (IPOs) in at least two decades is likely to come to an end as early as the second quarter, according to investment bankers.

After a more than two-year drought, underwriters from Bank of America Corp (BofA) to Morgan Stanley expect activity to pick up amid signs that the Federal Reserve is done with its hiking cycle and as interest rates decline at home.