The tailwinds of a banking crisis, wildly unpredictable currency movements, low deal flows in equity markets and yo-yoing prices on the faintest whiff of global interest rate actions do not seem auspicious for a jumbo, dual-listed international equity action.
Stir in a tight deadline and roadshows that encompass four continents and Brazil's biggest ever initial public offering (IPO), and you have the recipe for sheer purgatory. That makes it all the more impressive that Credit Suisse (along with Bank of America Merrill Lynch, BTG Pactual and UBS), was able to pull off the IPO of Banco Santander Brasil, the largest in the world so far this year.
