Latin American equity capital markets reached a record last month, beating the previous high by nearly 50%, as initial public offerings from the region so far this year are already 75% higher than all of last year.

July was the largest month on record for Latin American equity capitals market activity with $9.6bn (€6.9bn) from 23 deals, eclipsing the record of $6.5bn in June, according to Dealogic, the investment banking research provider.