(Source: Business Wire)
Banco Santander (Brasil) S.A., one of Brazil's leading banks, today
began trading on the New York Stock Exchange under the ticker symbol
"BSBR" after its successful initial public offering in which it raised $7.0
billion. The Banco Santander (Brasil) IPO, which listed
simultaneously in Brazil and the U.S., is the largest initial public
offering ever conducted by a Brazilian company.
"Banco Santander (Brasil) is a great addition to the NYSE, and we
welcome the bank as it joins its fellow Banco Santander group companies
already listed on the NYSE," said Duncan Niederauer, CEO, NYSE Euronext.
"We look forward to a beneficial and lasting partnership with Banco
Santander (Brasil), and to support its growth by providing the company
and its shareholders with the highest levels of service, liquidity and
market quality."
"This offer reflects Grupo Santander's strong commitment with Brazil and
also our confidence in the Global Capital Markets. We are very pleased
to be here celebrating this historic moment for the Group. Our mission
will continue to be to build the best bank in Brazil and we are very
happy to have the support of Brazilians and international investors to
achieve this. In our view, this offer is not the end of a process. We
see it as an important milestone in our history and also as a signal
that we are in the right path", José Berenguer, Executive Vice
President, Banco Santander (Brasil) said.
To mark today's special occasion, Banco Santander (Brasil) executives
visiting from Brasil and Banco Santander from Spain led by José de
Menezes Berenguer Neto, Executive Vice President, Banco Santander
(Brasil) S.A., rang The Opening Bell, joined by Duncan Niederauer, CEO,
NYSE Euronext.
Background:
Raising $7.0 billion, Banco Santander (Brasil) S.A. is the
largest initial public offering in Brazil's history.
Banco Santander (Brasil) S.A. is the fourth company in the Banco
Santander group to list on the NYSE, joining Banco Santander Chile
(NYSE: SAN), Banco Santander Bancorp (NYSE: SBP), and Banco Santander
Spain S.A. (NYSE: STD).
The NYSE currently lists 31 companies from Brazil, with a total
global market capitalization of $443 billion, as of Sept. 30,
2009. Including Banco Santander (Brasil) S.A., the total market
capitalization of NYSE-listed Brazilian companies is close to $500
billion (as of Oct. 7. 2009). Trading in Brazilian ADRs on the NYSE
includes some of the most actively traded stocks on a daily basis,
totaling almost $3 billion/day.
Banco Santander (Brasil) S.A.
