General characteristics of IPOs
| General characteristics | Total sample | With prior participation of VC/PE funds | No prior participation of VC/PE funds | |||||||
| Lead co-ordinator | No. of firms | Total (%) | Rank | No. of firms | Total (%) | Participation (%) | Rank | No. of firms | Total (%) | Rank |
| UBS Pactual | 24 | 27.0 | 1st | 14 | 24.1 | 7.404 | 6th | 10 | 32.3 | 1st |
| Itaú BBA | 21 | 23.6 | 2nd | 18 | 31.0 | 10.444 | 5th | 3 | 9.7 | 3rd |
| Credit Suisse | 17 | 19.1 | 3rd | 9 | 15.5 | 12.220 | 3rd | 8 | 25.8 | 2nd |
| Merrill Lynch | 6 | 6.7 | 4th | 5 | 8.6 | 25.909 | 1st | 1 | 3.2 | 5th |
| Bradesco BBI | 5 | 5.6 | 5th | 4 | 6.9 | 5.621 | 7th | 1 | 3.2 | 5th |
| JP Morgan | 5 | 5.6 | 5th | 3 | 5.2 | 17.197 | 2nd | 2 | 6.5 | 4th |
| Santander | 4 | 4.5 | 6th | 1 | 1.7 | 0.010 | 9th | 3 | 9.7 | 3rd |
| Unibanco | 3 | 3.4 | 7th | 1 | 1.7 | 0.002 | 11th | 2 | 6.5 | 4th |
| Citibank | 2 | 2.2 | 8th | 1 | 1.7 | 0.012 | 10th | 1 | 3.2 | 5th |
| BB Investimento | 1 | 1.1 | 9th | 1 | 1.7 | 0.018 | 8th | 0 | na | na |
| Morgan Stanley | 1 | 1.1 | 9th | 1 | 1.7 | 11.568 | 4th | 0 | na | na |
| Total | 89 | 100 | na | 58 | 100 | na | na | 31 | 100 | |
| General characteristics | Total sample | With prior participation of VC/PE funds | No prior participation of VC/PE funds | |||||||
| IPO year | No. of firms | Total (%) | Rank | No. of firms | Total (%) | Rank | No. of firms. | Total (%) | Rank | |
| 2007 | 42 | 47 | 1st | 21 | 36 | 1st | 21 | 68 | 1st | |
| 2008 | 2 | 2 | 6th | 2 | 3 | 6th | 0 | |||
| 2009 | 5 | 6 | 5th | 3 | 5 | 5th | 2 | 6 | 3rd | |
| 2010 | 7 | 8 | 4th | 4 | 7 | 4th | 3 | 10 | 2nd | |
| 2011 | 11 | 12 | 2nd | 9 | 16 | 2nd | 2 | 6 | 3rd | |
| 2012 | 2 | 2 | 6th | 1 | 2 | 7th | 1 | 3 | 4th | |
| 2013 | 9 | 10 | 3rd | 8 | 14 | 3rd | 1 | 3 | 4th | |
| 2014 | 1 | 1 | 7th | 1 | 2 | 7th | 0 | na | na | |
| 2015 | 0 | na | na | 0 | na | na | 0 | na | na | |
| 2016 | 1 | 1 | 7th | 1 | 2 | 7th | 0 | na | na | |
| 2017 | 9 | 10 | 3rd | 8 | 14 | 3rd | 1 | 3 | 4th | |
| Total | 89 | 100 | na | 58 | 100 | na | 31 | 100 | n/a | |
| General characteristics | Total sample | With prior participation of VC/PE funds | No prior participation of VC/PE funds | |||||||
| Listing segment | No. of firms | Total (%) | Rank | IPO year | No. of firms | Total (%) | No. of firms | IPO year | Rank | |
| NM | 71 | 80 | 1st | 50 | 86 | 1st | 21 | 68 | 1st | |
| N1 | 9 | 10 | 2nd | 5 | 9 | 2nd | 4 | 13 | 3rd | |
| N2 | 9 | 10 | 3rd | 3 | 5 | 3rd | 6 | 19 | 2nd | |
| Total | 89 | 100 | 58 | 100 | 31 | 100 | ||||
| General characteristics | Total sample | With prior participation of VC/PE funds | No prior participation of VC/PE funds | |||||||
| Company’s age before IPO (in years) | No. of firms | Total (%) | No. of firms | Total (%) | No. of firms | Total (%) | ||||
| <5 | 11 | 12 | 8 | 14 | 3 | 10 | ||||
| 5–9 | 12 | 13 | 10 | 17 | 2 | 6 | ||||
| 10–20 | 13 | 15 | 6 | 10 | 7 | 23 | ||||
| >20 | 53 | 60 | 34 | 59 | 19 | 61 | ||||
| Total | 89 | 100 | 58 | 100 | 31 | 100 | ||||
| General characteristics | Total sample | With prior participation of VC/PE funds | No prior participation of VC/PE funds | |||||||
| Lead co-ordinator | No. of firms | Total (%) | Rank | No. of firms | Total (%) | Participation (%) | Rank | No. of firms | Total (%) | Rank |
| UBS Pactual | 24 | 27.0 | 1st | 14 | 24.1 | 7.404 | 6th | 10 | 32.3 | 1st |
| Itaú BBA | 21 | 23.6 | 2nd | 18 | 31.0 | 10.444 | 5th | 3 | 9.7 | 3rd |
| Credit Suisse | 17 | 19.1 | 3rd | 9 | 15.5 | 12.220 | 3rd | 8 | 25.8 | 2nd |
| Merrill Lynch | 6 | 6.7 | 4th | 5 | 8.6 | 25.909 | 1st | 1 | 3.2 | 5th |
| Bradesco BBI | 5 | 5.6 | 5th | 4 | 6.9 | 5.621 | 7th | 1 | 3.2 | 5th |
| JP Morgan | 5 | 5.6 | 5th | 3 | 5.2 | 17.197 | 2nd | 2 | 6.5 | 4th |
| Santander | 4 | 4.5 | 6th | 1 | 1.7 | 0.010 | 9th | 3 | 9.7 | 3rd |
| Unibanco | 3 | 3.4 | 7th | 1 | 1.7 | 0.002 | 11th | 2 | 6.5 | 4th |
| Citibank | 2 | 2.2 | 8th | 1 | 1.7 | 0.012 | 10th | 1 | 3.2 | 5th |
| BB Investimento | 1 | 1.1 | 9th | 1 | 1.7 | 0.018 | 8th | 0 | na | na |
| Morgan Stanley | 1 | 1.1 | 9th | 1 | 1.7 | 11.568 | 4th | 0 | na | na |
| Total | 89 | 100 | na | 58 | 100 | na | na | 31 | 100 | |
| General characteristics | Total sample | With prior participation of VC/PE funds | No prior participation of VC/PE funds | |||||||
| IPO year | No. of firms | Total (%) | Rank | No. of firms | Total (%) | Rank | No. of firms. | Total (%) | Rank | |
| 2007 | 42 | 47 | 1st | 21 | 36 | 1st | 21 | 68 | 1st | |
| 2008 | 2 | 2 | 6th | 2 | 3 | 6th | 0 | |||
| 2009 | 5 | 6 | 5th | 3 | 5 | 5th | 2 | 6 | 3rd | |
| 2010 | 7 | 8 | 4th | 4 | 7 | 4th | 3 | 10 | 2nd | |
| 2011 | 11 | 12 | 2nd | 9 | 16 | 2nd | 2 | 6 | 3rd | |
| 2012 | 2 | 2 | 6th | 1 | 2 | 7th | 1 | 3 | 4th | |
| 2013 | 9 | 10 | 3rd | 8 | 14 | 3rd | 1 | 3 | 4th | |
| 2014 | 1 | 1 | 7th | 1 | 2 | 7th | 0 | na | na | |
| 2015 | 0 | na | na | 0 | na | na | 0 | na | na | |
| 2016 | 1 | 1 | 7th | 1 | 2 | 7th | 0 | na | na | |
| 2017 | 9 | 10 | 3rd | 8 | 14 | 3rd | 1 | 3 | 4th | |
| Total | 89 | 100 | na | 58 | 100 | na | 31 | 100 | n/a | |
| General characteristics | Total sample | With prior participation of VC/PE funds | No prior participation of VC/PE funds | |||||||
| Listing segment | No. of firms | Total (%) | Rank | IPO year | No. of firms | Total (%) | No. of firms | IPO year | Rank | |
| NM | 71 | 80 | 1st | 50 | 86 | 1st | 21 | 68 | 1st | |
| N1 | 9 | 10 | 2nd | 5 | 9 | 2nd | 4 | 13 | 3rd | |
| N2 | 9 | 10 | 3rd | 3 | 5 | 3rd | 6 | 19 | 2nd | |
| Total | 89 | 100 | 58 | 100 | 31 | 100 | ||||
| General characteristics | Total sample | With prior participation of VC/PE funds | No prior participation of VC/PE funds | |||||||
| Company’s age before IPO (in years) | No. of firms | Total (%) | No. of firms | Total (%) | No. of firms | Total (%) | ||||
| <5 | 11 | 12 | 8 | 14 | 3 | 10 | ||||
| 5–9 | 12 | 13 | 10 | 17 | 2 | 6 | ||||
| 10–20 | 13 | 15 | 6 | 10 | 7 | 23 | ||||
| >20 | 53 | 60 | 34 | 59 | 19 | 61 | ||||
| Total | 89 | 100 | 58 | 100 | 31 | 100 | ||||
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