Eleni Himaris and Lynn Thomasson – Bloomberg Businessweek, 10/25/2011
BM&FBovespa SA (BVMF3) Chief Executive Officer Edemir Pinto said there are 40 companies waiting to list on Brazil’s stock exchange when market volatility eases as the country’s central bank cuts interest rates to boost growth.
Investors will return to Brazil’s stocks because the worst of the recent financial tumult is over, Pinto said via translation by Marcelo Maziero, the company’s chief product and customer development officer, in an interview from Hong Kong yesterday. While no initial public offerings have been priced since July, the head of Latin America’s largest securities exchange reiterated his forecast for 200 new share sales by 2015.
“Inflation seems to be controlled and with this decrease in interest rates, we see a lot of growth in the future,” Pinto said. “There’s a huge need for investment in infrastructure in Brazil and we have a lot of room to grow the capital markets.”
