Photo: Santiago, Chile stock exchange
Thanks to its fast pace growth economy, the Latin American country of Chile is set to offer a record number of initial public offerings (IPO’s).
The Chilean economy is growing at the fastest pace in more than a decade and expects to raise as much as $9.6 billion from now through next year in IPO’s. Currently there are 12 companies slated to become public in the near future, where as in the past the Santiago exchange saw on average 1.8 IPO’s a year.
Last year there were 1,787 global IPO’s and 22 of those were in Latin America – Chile this year might consume the majority of IPO’s in the region. The Chilean economy is pegged to grow by more than 6.5% this year.
The Latin American economy in general weathered the economic crisis well and has sufficiently recovered that it will be an area of IPO growth – Mexico for example is expecting to offer 10 IPO’s to its stock exchange.