There has been One Unprecedented IPO boom of tech companies on Brazilian stock exchange, Which is transformative for a market traditionally dominated by utilities, mining, oil and financial companies.
The trend remains strong; In February itself, development companies such as Bemobi, Westwing, Mobly and Mosaico went public. For example, mosaics was 20x oversubscribed and increased 70% on its first business day. The same is true for other companies such as Meliuz, Enjoei and Neogrid since their listing just a few months ago, 173%, 53% and 74% respectively.
But even more surprising is that now, new Special-Purpose Acquisition Companies (SPAC) are raising money on the Nasdaq with a mandate to buy Latin American private development companies that were completely unimaginable a year ago. Will happen.
SPAC merger opportunity The US has become quite competitive as about 300 SPACsWhich which Raised over $ 90 billion, Now competing to find deals before the deadline. As a result, it has become common to see SPAC with a global mandate to acquire foreign development companies and list them in the US to benefit from better multipliers.
In 2021, Eight Asian-sponsored SPACs raised more than $ 2.3 billion On the Nasdaq / New York Stock Exchange, already surpassing the full 2020 volume. Recently, it seems that activity levels may pick up in Brazil, and, possibly, in other Latin American countries, With the arrival of $ 1.1 billion of Brazil-focused SPACs.