The IPO of several public companies in Venezuela has been delayed 100 days until this Tuesday, since operations should have started on May 16 and even today the stock market has not received the green light from the government of Nicolás Maduro nor of the companies involved.
The Caracas Stock Exchange (BVC) confirmed to Efe that, until the end of the day, they have not received a communication that sets a date for the eventual start of operations.
The board of directors of the exchange considers the IPO of state-owned companies “very positive”, after Maduro explained in May that between 5 and 10% of the shares of several public companies, including oil and telecommunications companies, would begin to offer.
Then, in June, in a ceremony headed by the executive vice president, Delcy Rodríguez, it was announced that the state-owned Banco de Venezuela (BDV), a leading institution in the country’s financial sector, will offer 5% of its shares on the stock market. .
There is a lack of public companies to process some permits
A BVC source explained to Efe that, once this announcement is made official, it is up to the issuing company and the brokerage house that is going to be the placement leader to obtain permits and request a first special session to finally open the offer to the public, something that has not yet been done. happened, or at least has not been published.
Until now, neither the National Securities Superintendence nor the Ministry of Economy and Finance have offered new information in this regard.
In May, Maduro called on national and international investors to be attentive to this IPO of state-owned companies, among which he referred to companies in the petrochemical, gas, mining, forestry, aluminum, and services sectors, among others.
