Wednesday, October 7, 2009

Santander: World's Largest IPO This Year

Banco Santander Brasil issued the largest IPO in the world so far this year, talking in approximately $8B (R$14.1B). Santander becomes the 2nd largest bank in Brazil after Itau/Unibanco (ITUB).

The ADR symbol is BSBR and will be added to our list of Live Tracking Latin-American ADRs. The symbol is not yet recognized by most brokers.

It was the second largest IPO in Brazilian history, after Vale (R$19B).

As of 10:20AM, 65M shares had been traded in New York:

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