Between 2014 and 2016, only four IPOs took place in Brazil, although the market has taken off this year. According to Thomson Reuters data, Brazil's equity capital markets deals have more than tripled to 19 from the start of the year to August 23, compared with the same period last year. So far, US$6.7bn has been raised this year. In July, Carrefour Brazil - Brazil's biggest supermarket chain and a unit of the French group of the same name -came to market and raised R$5.12bn (US$1.6bn) and, in April, Azul SA, the Brazilian airline, secured R$2bn from its listing.
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