Brazil's BR Partners will resume IPO plans, CEO says

Brazil-based BR Partners will relaunch its plans for an initial public offering in the coming days, CEO Ricardo Lacerda told S&P Global Market Intelligence.

The boutique investment bank could file for the offering as soon as Jan. 26.

The investment bank had shelved a planned IPO on Brazil's B3 exchange in September 2020 due to market volatility, but it now believes the market is in a better place to welcome its offering.

Although uncertainty stemming from the pandemic had initially prevented several Brazilian share offerings from taking place, some players have started to move forward with their public listing plans. On Jan. 19, asset manager Vinci Partners Investments Ltd. announced that it had launched an IPO.