- "If they thought the moment for an IPO last year was unfavorable [last year], maybe now things are just as bad, or even worse, which will probably have quite an impact on the demand," says analyst Rodolfo Amstalden of Carlyle Group's (CG +0.6%) plan to revive the offering of Brazilian travel agency CVC Brasil Operadora e Agencia de Viagens SA.
- The offering will try and raise up to $418M and would be just the 10th this year in Brazil, which is the world's worst-performing major stock market in 2013.
- Hurting the IPOs prospects even more - its purpose is to allow Carlyle (a 63% owner) and other investors to cash out, rather than the company raising money. The 2014 World Cup and 2016 Olympics can't come fast enough for the slumping economy and market.
Carlyle again tries to cash in its Brazilian travel agency
Dec 5 2013, 15:39 ET