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On June 13th, BOVESPA´s Novo Mercado reached the historical mark of 100 listed companies with the adhesion of OGX - Petróleo e Gás Participações S.A.
Since its inception, in December 2000, Novo Mercado has drawn a long way. The involvement of companies and many institutions from the domestic and international capital market was essential to position Novo Mercado as one of the main advances of the Brazilian capital markets.
The admission to Novo Mercado implies the compliance with good practices of corporate governance, more rigid than those required by the current legislation in Brazil. Those rules are widely recognized by companies and investors and for that reason Novo Mercado has become an international reference being showcased as a successful model to be followed by other countries. The numbers of its evolution justify it:
In the last five years, 111 companies have had an Initial Public Offering:- 79 companies listed at the Novo Mercado (71% of the number of IPO companies in the period),
- 15 companies listed at the Level 2,
- 8 companies listed at the Level 1,
- >1 company listed at the BOVESPA Mais (the recently launched corporate governance listing segment with adapted rules for companies looking for a gradual access to the market).
- 8 companies listed Brazilian Depository Receipts (BDR).
- 21 companies, previously listed in the Standard listing segment, adhered to Novo Mercado.
