Private equity firms have faith in Brazil’s long-term outlook

Brazil has replaced China as the favorite market for emerging private equity deals, as big names race to get a share of the market. Nearly 70 percent of investors in private equity funds now see Brazil as the most attractive market for deal-making over the next year, while less than 60 percent of investors said the same about China.

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Renren shares in free fall, more Chinese IPOs in the pipeline

Renren Inc. broke below its initial public offering price of $14 Wednesday, plunging 12 percent to $13.04 in midday trading before closing at $13.49, posting a negative total return of 4 percent. The first week’s dismal performance for Renren following its IPO has aroused concerns about other Chinese IPOs waiting in the pipeline.

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