A review of the winners of the IR Magazine Brazil Awards 2007
During the 1990s the Brazilian equities market was dismal, and by 2003 the number of public companies had declined from almost 1,000 to about 700, with fewer than 370 companies listed on Bovespa, the country’s main stock exchange.
Recently, however, the stabilization of the economy created a phase of healthy development that led several companies to go public and, consequently, provoked an increasing demand for IROs (a legal requirement for all Brazilian public companies).
Since 2004 market
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