World News Insights
1-3 Minute Gist

All Topics Article

Banco Santander's Brazil Unit Raises $8 Billion in I.P.O.

New York Times Original article ›

Keywords:

LyrArc Article Gist
Banco Santander, Brazil, sold 600 million units at a price of 23.5 reais each, according to a filing with Brazil's regulator. With each unit representing 55 common shares and 50 preferred shares. The offering was increased from a planned 525 million to 600 million units so that investor demand could be met. Santander's US traded stock was priced at $13.50 each. Santander following a series of acquisitions is Brazil's third largest bank after Itau Unibanco and Bradesco, having a 10.2% market share. It is also the largest IPO for Brazil. The growing demand for emerging market securities is evident in the rate at which the Bovespa Brazil Index jumped in 2009.

Banco Santander Brazil

05/05/2006

Grouped Articles

McDonald's Cranks Up The Volume on 'Value'

Wall Street Journal 04/14/2013

CEO Says Hilton Exploring New Hotel Brand for 2014

Wall Street Journal 12/13/2013

Auto Lender's Drive Reaps a Fortune

Wall Street Journal 01/23/2014

Ana Patricia Botín to Take Over Banco Santander

Wall Street Journal 09/10/2014

Ana Patricia Botín to Take Over Banco Santander

Wall Street Journal 09/11/2014

Emilio Botin Who Built Up Santander Bank Dies at 79

New York Times 09/10/2014


Support LyrArc

We took a different way to help millions around the world build educated informed mindsets that affects and shapes their lives. For a future that is open, global and digital, with everyone having access to high quality information. We believe in the renewal of America, renewal of Europe, the renewal of India, the rest of Asia, Latin America and Africa. The renewal of our supply chains, health, education, infrastructure, as we rebuild our countries after the pandemic. Literacy and knowledge we believe cannot thrive and grow in a world of web bots, web crawlers, or AI. This requires human curiosity, human learning, and human imagination. We take as inspiration the saying- “One has to be free, and as broad as sky. One has to have a mind that is crystal clear, only then can truth shine in it.” Every contribution whether big or small is precious- in this crisis and ahead.

Support Lyrarc from as small as $1


Copyright © 2006 - 2026 Intelilinks LLC
Terms and Conditions | Copyright Policy | Privacy Policy | Contact Us