The Securities and Exchange Commission (CVM) clarified that products traded in Brazil are considered domestic assets, even though they may refer to, be backed by or have an “underlying predominantly foreign risk factor”. This is the case, for example, of Brazilian index funds (ETFs) that replicate indicators from abroad. The information appears in a letter released on Thursday by the Superintendence for the Supervision of Institutional Investors (SIN). The objective is to clarify doubts of administrators and fund managers regarding the interpretation of the technical area regarding the definition of an asset as domestic or foreign. Still according to the document, this does not prevent the standard itself from establishing exceptional and particular treatment for certain assets , as is the case of Brazilian Depositary Receipts (BDR) Level I, which are equivalent to financial assets abroad.
CVM: initial public offering
The Securities and Exchange Commission (CVM) received five requests for initial public offerings (IPO) from companies interested in participating in the capital market.
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The move confirms the good moment experienced by the sector with companies from different segments trying to access B3 and, with that, raise money for reinvestments. According to the autarchy, yesterday's block included companies as different as the online retailer Privalia, the corn ethanol producer FS, passing through the auto finance company Rodobens, the LED manufacturer Unicoba and the hospital group Mater Dei. ) that already handled R $ 19.2 billion.
Operations and analysis
Also according to the autarchy, with 37 operations under analysis and dozens of other companies intending to take the same path, stimulated by the basic interest rate of at least 2% per year, the forecast of specialists is that this market easily exceeds R $ 45 , 3 billion raised in 27 such operations last year, already the peak since the 2007 boom. The number is just not higher because the dreams of ringing the bell at the debut of the B3 shares were interrupted for several others, who gave up on the plans when they realized that investors were not willing to pay as much as they wished for their shares. Only in 2022, ten companies gave up. Just click here if you are already an investor. The CVM post states that assets abroad traded in Brazil are considered domestic appeared first in 1 Billion Financial Education.