Brazil's Capital Markets Reopen As B3 Books First IPO In Five Years
Exchange operator posts 17% recurring revenue growth while Vamos doubles profit on 89% fleet utilization, signaling a broad cyclical turn in Brazilian corporate activity
B3 reported recurring revenue up 17% and hosted Brazil's first initial public offering in five years, a milestone signaling the reopening of a primary market frozen since the last rate-tightening cycle. Separately, fleet lessor Vamos doubled profit as utilization reached 89%, evidence that Brazilian industrial demand and financing conditions are improving in tandem.