B3
B3 S.A. (Brasil, Bolsa, Balco), formerly BM&FBOVESPA, is the second-oldest stock exchange in Brazil and is situated in So Paulo. Its current structure dates back to May 8, 2008, when the Brazilian Mercantile and Futures Exchange (BM&F) and the Sao Paulo Stock Exchange (Bovespa) amalgamated to establish BM&FBOVESPA. B3 was produced by the merger of BM&FBOVESPA and CETIP on March 30, 2017.
The index Bovespa, also referred to as Ibovespa, serves as the benchmark indicator for B3. As of October 2022, 475 firms were trading on the Bovespa. The Ibovespa index hit a record high, closing at 130,776 points on June 7, 2021. Moreover, B3 maintains offices in Shanghai, London, and Rio de Janeiro.
B3's market cap is $11.96 billion as of March 2023. By market cap, this places B3 as the 1271st most valuable company in the world. The most recent financial reports from B3 indicate that the company's current revenue (TTM) is $1.76 billion. The company generated $1.68 billion in revenue in 2021, up from $1.51 billion in 2020.
Founded: August 23, 1890
Headquarters: São Paulo, Brazil
Website: b3.com.br