July 7, 2021

Milbank Continues to Lead the Way in 2021 Brazilian IPO Market

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Milbank LLP’s leadership position in 2021 Latin America-related IPOs is highlighted in a recent Latinvex article featuring “Latin America IPOs: Top Legal Advisors.”

In the first half of 2021, “Milbank leads the way, with 10 IPOs that raised a combined $3.7 billion,” Latinvex confirms, adding that “Milbank advised on the top two IPOs out of Latin America – the $968 million offer from CSN Mineração and the $925 million offer from Caixa Seguridade.”

The publication further commends Milbank’s work on “eight IPOs out of Brazil from education company Cruzeiro do Sul, outsourcing company GPS, sugar and ethanol producer Jalles Machado, home & living online retailer Mobly, niche bank Modalmais, e-commerce company Mosaico, logistics company OceanPact and truck leasing company Vamos that raised a combined $1.8 billion.”

On the heels of a standout 2020 in the Brazilian IPO market, Milbank has continued to advise on some of the country’s most prominent equity and debt deals throughout 2021. The firm’s team in São Paulo offers the insight and experience clients require in a robust IPO market driven by historically high levels of liquidity and a low interest rate environment.

Latinvex is a leading provider of news and benchmarking data on Latin America's legal, energy and technology sectors.