Toronto Stock Exchange targets mid-sized Brazilian companies for IPOs – Yahoo Finance

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By Tatiana Bautzer
SAO PAULO, Nov 25 (Reuters) – The Toronto Stock Exchange is looking for candidates for initial public offerings (IPOs) in Canada among mid-sized Brazilian companies, the bourse's Chief Executive Loui Anastasopoulos said after a week-long visit to the country.
Anastasopoulos said the targets are mainly in mining, renewable energy and technology, areas favored by Canadian investors. Some could use the TSX Venture Exchange, tailored for startups, he added.
The most successful example of a company that raised capital in Canada in its initial stages is Sygma Lithium Corp, a lithium miner operating in the Minas Gerais Brazilian state.
Its 2018 IPO in TSX Venture Exchange valued the company, focused on selling the mineral to car battery makers, at around $90 million. Currently listed also in Nasdaq, Sigma now has a $4.4 billion market capitalization.
"That is a solution for mid-sized companies that need to raise capital in small transactions that are difficult to accomplish in local capital markets", Anastasopoulos said.
Considering the potential for new listings, TMX Group, which controls the Toronto Stock Exchange, has had a director based in Latin America since 2019. Formerly based in Peru, director Guillaume Legare is currently in Brazil. (Reporting by Tatiana Bautzer; Editing by Kenneth Maxwell)
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Louis Vuitton on Friday announced plans to open a dedicated furniture and homewares store in Shanghai, a world first for the French luxury brand as it aims to expand further into lifestyle offerings to affluent Chinese clients. The appointment-only showroom, which will open on Monday, is located in a century-old three-storey mansion situated just behind Nanjing Road, the city's premier upscale shopping strip. Louis Vuitton, part of LVMH, said in a statement the showroom will be trialled for several months as a pop-up and if successful will then become a permanent feature.
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The financial super app SoFi Technologies (NASDAQ: SOFI) and the Brazilian digital bank Nu Holdings (NYSE: NU) have been two of the most highly anticipated and most-watched fintech companies to hit the public markets in recent years. Both initially saw fast growth in their respective markets. After going public through a special purpose acquisition company (SPAC) in 2021, SoFi rose to a huge valuation like many tech stocks before falling more than 70% this year amid high inflation and rising interest rates.
In this article, we discuss the 12 best Nancy Pelosi stocks to buy now. If you want to read about some more Nancy Pelosi stocks, go directly to 5 Best Nancy Pelosi Stocks to Buy Now. The stock trading activities of lawmakers in the United States have always made for interesting case studies. This is […]
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As the year winds toward its close, it’s time once again to engage in the age-old practice of picking out the changes that lie waiting in the year ahead. Wall Street’s stock pros are hardly immune from this; every year, they tag their top picks from the equity markets for the calendar change, and this year is no exception. The analysts are looking ahead toward the post-New Year market landscape, and picking out potential winners for investors to consider. We've opened up the database at TipRanks
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Both of these stocks have great long-term prospects and offer an attractive dividend in the meantime.

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