Summary
Brazil and China accounted for two-thirds of global capital raised through initial public offerings (IPO) in the second quarter, with the US and Europe lagging behind. In the second quarter of 2008, there were 269 IPOs worldwide, which raised $38.2 billion in capital. VisiNet, the Brazilian affiliate of credit card network Visa, raised $3.7 billion in its IPO in late June, making it the largest IPO ever in Brazil and the largest worldwide in the second quarter of this year. China State Construction Engineering had the biggest IPO of the year so far with its $7.3 billion share sale in July.
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Extract
Brazil, China Lead Global Ipo Rebound
Brazil and China accounted for two-thirds of global capital raised through initial public offerings in the second quarter, with the United States and ...
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