In an interview with Valor Econômico, our partner Raphael Pires discussed the initial impacts of the Simplified Regime, an initiative by the CVM aimed at expanding mid-sized companies’ access to the capital markets.

Created to reduce costs, the regime has been used primarily in debt transactions such as commercial notes. Equity issuance still involves greater complexity for the middle market, especially in a high interest rate environment.

With the Selic rate in double digits, the implicit cost of an IPO, reflected in the discounts required by the market, can make it less attractive for controlling shareholders. On the other hand, the Simplified Regime broadens access to institutional investors and structured credit, enabling transactions that are better aligned with companies’ cash flows.

“Most companies have viewed the Simplified Regime more as a debt-raising avenue than as a path to going public.”

The initiative also encourages governance, transparency, and internal organization, pillars that are increasingly relevant for diversifying funding sources over the long term.

Read the full article: https://valor.globo.com/empresas/media-e-mais/noticia/2026/04/16/regime-facil-simplifica-credito-para-media-empresa.ghtml