JJMNGR From Brazil, joined May 2004, 1018 posts, RR: 14 Posted (10 years 7 months 3 weeks 23 hours ago) and read 1346 times:
TAM announced this morning that soon will go to the US stock exchange in Wall Street as so as in Brazil.
Let´s wait and see how much investments are going to be kept in the market in order to expand more services.
Hardiwv From Brazil, joined Oct 2004, 8780 posts, RR: 46
Reply 1, posted (10 years 7 months 3 weeks 23 hours ago) and read 1341 times:
If this is the case, it will be the second airline in Latin America to be traded in the NYSE after LAN Chile and Brazil's LCC GOL. Let's see if TAM will be as successful as GOL, which recently announced its second public offering - IPO and is setting the pace of the aviation market in Brazil.
Erikwilliam From Brazil, joined Mar 2004, 2152 posts, RR: 11
Reply 5, posted (10 years 7 months 3 weeks ago) and read 1275 times:
Quoting Hardiwv (Reply 4): TAM announced that it will go for the Sao Paulo Stock Exchange (BOVESPA) only. As such GOL and LAN will remain the only airlines in Latin America to be listed in the NYSE.
Don´t belive that Hardi, belive me, I´ve worked for the Finnancial World.
They might not go at first, but every company that want´s the big money, goes to the US with NYSE. Taxes are cheaper, more opportunities to make money, etc etc. When GOL launched stocks, they made more money at NYSE then BOVESPA, so....US still a better market for stocks, lots of people dieing to make quick and easy money, something that´s quite hard with US companies today, but the ADR´s are a great oportunite.
Just a note, Brazil is the biggest Latin country with ADR´s in NYSE, and the 5th in the world.
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