Technology sector must focus on Brazilian companies in USA scholarships

Although the number of companies announcing stock emissions in the United States has increased, this search for the American market should not be interpreted as a comprehensive trend, according to financial market experts. The consensus is that the movement should be restricted to companies in the technology sector. Soon, the movement should be restricted effect on the emission of shares in B3, the bag. This trend is transparent in movements announced so far. The Arc education, for example, arrived last week in the Nasdaq, American technology, in virtue of the SAS system, of bilingual education. It was the second IPO of a brazilian company in the United States in 2018. In January, Paypal had opened on the Nyse in New York. The next will be the acquirer Stone, who must reach the Nasdaq soon after the elections in Brazil. Responsible for Morgan Stanley's Investment Bank in Brazil, Alessandro Zema, points out that the technology offerings must continue to occur in the U.S. because the companies are eyeing investors dedicated to the sector. "These companies feel more comfortable in public out there," he says. Nevertheless, Zema asserts that this solution is not suitable for all sectors and that the B3 will follow as the main destination of IPOs. The search for best prices is also a factor. Partner in the capital markets area of the firm Mattos Filho, Jean Marcel Arakawa points out that foreign investors have an easier time to assess the value of this asset type – and usually recover more. For the capital markets expert of Stocche Forbes Lawyers, Marcos Ribeiro, the current political and economic context has influenced Brazilian in search of Scholarships out there, as the appetite for risk in the country is low. To have your feet in both worlds, some companies are opting for dual listing. The blue, which opened your capital in B3 and listed its ADRs (receipts) on the Nyse, in 2017. The arc, which landed on Nasdaq last week and raised $ $194.5 million, from the beginning, noting that an offer in the United States, with the aim of bringing the company into the ecosystem of available technology out there. "We attract quality investors to the company, who have long-term focus and specialize in technology," said the President of the company, Ari de Sá Neto. The Director of the capital markets area of Credit Suisse, Eduardo de la Peña, stresses that the opening of capital out of Brazil remain the exception. "Tech companies end up being more comparable out there, but this is not a right solution for everyone," said the Executive. Arakawa, barrier Mattos Filho, remember that a regulatory issue ends up preventing some companies listing on the stock exchange. That's because part of these companies receive injections of private equity funds (buying stakes in companies) or pass through round borrowings between investors, with the establishment of holding off Brazil. Because of this, when they decide to go public, these companies can perform a listing in Brazil with the issuance of BDRs (receipts of Brazilian stocks), in virtue of a restriction in force even for companies that have most of their assets in Brazil. The President of B3, Gilson Finkelsztain, States that the brazilian stock market is alert to this topic and who has been working on several fronts to bring volumes that are being lost to the USA. In addition to seek changes in the rules for the BDRs, the B3 is also working on the thread that gives access to the capital market to small and medium-sized businesses.