BOVESPA announced on May 16, a new listing segment for companies that
need a gradual access to the capital market. The concept for this new
segment was developed after consulting with financial institutions, private equity
funds, the Brazilian Development Bank – BNDES and target companies on this
segment. This segment will have listing requirements equivalent to the Novo
Mercado, incorporating the highest standards in corporate governance and
transparency; it will allow a certain flexibility on the trading side to accommodate
the different liquidity stages of the company; and, will include several initiatives
from BOVESPA to improve the visibility of those companies.
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