Brazil’s Caixa Unit IPO Concentrates on Investor Interest – Sources

Caixa Economical Federal Bank is one of the leading banks in Brazil which is under state control. It has enough recognition in the country and is trying to gain some more investors interest in favor of insurance unit. Recently, it initiated its IPO for the first time and is now planning to include its insurance unit into it soon to attract numerous investors. Moreover, it is eager to include the unit as soon as possible so that strong interest of investors can be gained out within no time. Along with gain of investor’s interest, bank’s stock market deals may get improved by increasing the number of investors who are willing to deal stakes. Starting this month, bankers and executives of Caixa Economical Federal bank are working on IPO of Caixa Seguridade Participações SA. Not surprisingly, it got succeeded in attracting a large number of investors towards it, especially, in São Paulo, New York and London. Positive feedback got from the investors is the supporting fact of their success in IPO. This deal gained strong belief of investors and shown the strong impact on Brazil’s stock market with sudden changes took place in trading.