Brazil’s Visanet Set For World’s Biggest IPO So Far In 2009

SAO PAULO (Dow Jones)–The Brazilian capital market will soon mark the return of initial public stock offerings, doing so with a splash, with the world’s largest IPO so far in 2009.

Credit-card networking-services provider Visanet SA this week started the period for investors to reserve shares ahead of the plotted start of trading on June 29.

Visanet’s IPO should easily eclipse China Zhongwang Holdings Ltd. (1333.HK), which raised $1.27 billion in April, as the world’s largest IPO so far this year.

Visanet is plotting to raise between 5.73 billion Brazilian reals ($2.87 billion).

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