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Shock Lula Win Derails $6 Billion in Equity Sales as Banks Reel
Source: Bloomberg
Elections & Domestic PoliticsEmerging MarketsIPOs & SPACs
Brazilian companies had about $6 billion in equity sales lined up for the weeks after the vote, expecting conservative Flávio Bolsonaro to win the presidency. The passage describes anticipated issuance tied to an expected election outcome, not a confirmed result or completed sales.
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