UPDATE: There is a more recent news story regarding Brasil Travel's intended IPO - Valuation and structural issues keep Brasil Travel from listing
Brazilian tourism company Brasil Travel Turismo e Participacoes will be the first to list on the local stock exchange, BM&FBovespa, in 2012, breathing life back into Brazil’s equity capital markets, which have not seen an initial private offering (IPO) since July 2011.
Brasil Travel’s first trading day is expected to be February 10, 2012. Credit Suisse is the lead coordinator, with Barclays Capital and Santander Brasil acting as bookrunners. The company is looking to raise between 1.07bn reais ($622m) and 1.42bn reais, the majority of which will be used to acquire other travel companies. It will put a total of 859,100 common shares on the market, including an over-allotment, pricing them between 1250 reais and 1650 reais per share. Brasil Travel will list on the Novo Mercado segment of the BM&FBovespa, which requires higher transparency and compliance standards, as well as stricter listing rules.
Seabras, the Brazilian unit of Norway-based global oil services company SeaDrill, has also applied with the Brazilian securities and exchange commission, CVM, to list its shares. However, its 1.7bn reais IPO is expected to come to the market later in 2012. Seabras's lead coordinator is BTG Pactual.