Latin America has benefited from the listing of several recent large IPOs, including BB Seguridade (BBSE3.BZ), the insurance unit of Banco do Brazil, which raised just over US$5 billion last week, making it the largest IPO of the year. Frequent-flier unit of Brazilian airline Gol Linhas, Smiles (SMLE3.BZ), raised US$500 million last week as well. These deals add to an already above average year for Latin American issuance, bringing the region’s total IPO proceeds to US$8.9 billion YTD.

Latin America’s market share has certainly benefited from the slow start to the year for Asia and Europe – two perennially strong markets for IPO issuance. Despite their sluggish beginning in 2013, both markets look poised to rebound. Petrochemical refiner Sinopec Engineering (SNPHK.RC) and Chinese brokerage firm Galaxy Securities (GALAX.RC) have both announced their plans to raise over US$1 billion each in their respective May IPOs in what will be the largest Hong Kong listings since People’s Insurance Company of China’s (1339.HK) November 2012 IPO. Europe is also expected to see large upcoming IPOs in the second quarter, including the multi-billion dollar London-listing of Russian banking group VTB Bank (VTBR.LI) and the Frankfurt-listing of German real estate developer Deutsche Annington Immobilien (DAI.RC).

Be sure to check our global calendar for the latest global IPO issuance news.