JBS Foods SA pulled a request to become a publicly listed company in Brazil, signaling it may delay a plan to raise 4 billion reais ($1.6 billion) in an initial public offering until next year, a source with direct knowledge of the situation said on Tuesday. The S�o Paulo-based food processor and banks working on the offer are wary that volatility stemming from uncertainty about Sunday's presidential election may cloud sentiment ahead of potential investor meetings in the coming weeks, said the source, who requested anonymity since the matter is private.It is the third time that the unit of JBS SA, the world's largest meatpacker, has suspended the stock offering since June. Potential IPOs in the queue in Brazil include those of cellphone tower operator T4U Holding Brasil SA and heavy vehicle rental company Ouro Verde Loca��o e Servi�o SA.Representatives from JBS were unavailable. The company hired the investment-banking units of Bank of America Corp, Ita� Unibanco Holding SA, Banco Bradesco SA , Grupo BTG Pactual SA, Banco do Brasil SA , HSBC Holdings Plc and Banco Santander SA to oversee the transaction.On Friday, veterinary products maker Ouro Fino Sa�de Animal Participa��es SA's shares priced at the top of the suggested range after investor demand for Brazil's first IPO of the year was stronger than expected.
Bank of America Corporation (Bank of America) is a bank holding company, and a financial holding company. Shares of BAC remained unchanged at $16.26. In the past year, the shares have traded as low as $13.80 and as high as $18.03. On average, 81308704 shares of BAC exchange hands on a given day and today's volume is recorded at 242040.
Banco Bradesco S/A (the Bank) is a Brazil-based bank. Shares of BBD remained unchanged at $14.97. In the past year, the shares have traded as low as $10.23 and as high as $18.67. On average, 9330080 shares of BBD exchange hands on a given day and today's volume is recorded at 158124.
Shares of BBDO remained unchanged at $14.75. In the past year, the shares have traded as low as $11.50 and as high as $18.25. On average, 1295 shares of BBDO exchange hands on a given day and today's volume is recorded at 0.
HSBC Holdings plc (HSBC) is a global banking and financial services organizations. Shares of HSBC remained unchanged at $50.02. In the past year, the shares have traded as low as $48.80 and as high as $56.79. On average, 1658510 shares of HSBC exchange hands on a given day and today's volume is recorded at 2948.
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