Scott Cutler is Executive Vice President and Head of Global Listings at NYSE Euronext.
Mr. Cutler is responsible for the NYSE listing...
Colombia, South America’s fourth largest economy, is booming. Hoping to ride the crest of the country's success; Colombia's company listings on NYSE Euronext could double in the next 12 months.
The country's GDP grew by 4.4 percent in 2010 fueled by strong sector performance in natural resources and finance. Colombia is the U.S.' third largest trading partner behind Brazil and Mexico. The NYSE now lists two Colombian companies, with a total a market cap of $97.4 billion. Currently that’s 7 percent of the NYSE Euronext’s total from Latin America; Mexico has 18 percent, and Brazil, 65 percent.
Grupo de Energia de Bogota, a major gas and electricity provider in Colombia's capital city, is looking at a public offering in the next 12 months. Its shares are now traded on Bolsa de Valores de Colombia, the nation’s public market. The company has several significant transportation and distribution projects underway in Colombia and elsewhere in Latin America. Banco Davivienda, Colombia’s third-largest bank. It is planning an IPO early next year.
Here's more on Colombian companies looking at global public markets.
That's just the beginning. President Barack Obama is planning a five day tour of Latin American in March; The World Economic Forum Latin America is scheduled for late April in Brazil.