Third Brazil IPO pulled in a fortnight

A third Brazilian equity offering has been pulled in two weeks, as analysts said demand had dropped amid a deluge of deals, and "offers will have to slow".

Bloomberg reports that Atmosfera, a Brazilian cleaning company, today abandoned its $151m (€113m) initial public offering, completing a hat trick of Brazilian float cancellations over the last two weeks.

WSJ Logo
Bill Ackman’s Pro-Tennis Debut Lasted 67 MinutesExternal link

Bill Ackman’s Pro-Tennis Debut Lasted 67 Minutes