Executive of Banco BMG, Marcio Albana reviews automotive industry IPOs
Albana states that one of the first companies to go public in the stock exchange was General Motors completing 100 years of its IPO, which currently has about a 53 billion dollar market value. Albana also recalls that Henry Ford took the initiative in 1956 to offer his first actions (IPO) as one of the greatest of his time, the equivalent of 600 million dollars.
IPO is an acronym for initial public offering in English, or first offer in free translation. This means that companies begin to trade public actions, usually to institutional investors and the general public (private investors and individuals). Through this process,a private company becomes a corporation.
The IPO is used to raise funds and investment capital for companies, enabling the monetization of investments. “So, today you see the investor looks for the IPOs of fitters and, as an example, one can cite the IPO of Ferrari, which took a 5% increase in their stocks. This increase led the Ferrari company to acquire 10 billion dollars in market value,” reports the Bank BMG Executive, Marcio Albana. Check out the performance data of the top IPOs of automakers, published by Exame Magazine, according to reports by Marcio Albana, Banco BMG. Read this original article at Exame.abril.com.
Marcio Alaor is part of the phenomenal executive team at Banco BMC, a bank in Sao Paulo, Brazil that has been open since 1939. Alaor operates one of the largest private banks in Brazil among a team of professionals who are committed to providing quality and exceptional financial services to the entire population of Brazil. Banco BMG has a history of providing support and sponsorship to many leagues and sports teams in and around the community.