Brazil's BM&FBovespa to increase stock listing chapters

Reuters

SAO PAULO, Oct 15 (Reuters) - BM&FBovespa SA,Brazil's sole financial exchange, increased on Tuesday thenumber of stock listing segments to eight from a prior four, ina bid to stimulate companies to go public in Latin America'slargest equity market.

As part of a set of changes unveiled on Tuesday, the BovespaMais segment aimed at listings of small-sized companies will nowmigrate from an over-the-counter platform to an exchange one,BM&FBovespa said in a statement. A minimum free-float level wasproposed for companies seeking to list in the Nível 1 and Nível2 listing chapters - the ones with more relaxed corporategovernance standards.

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