Simultaneous Interpretation for IPO Roadshows in Brazil
▶ QUICK SUMMARY
lingo interpreted the XP Investimentos roadshow for the NASDAQ IPO in 2019 — US$14.9B, 14× oversubscribed. Alex Barros operates EN↔PT for roadshows, investor days and management presentations. Quote in 60s.
What is simultaneous interpretation in an IPO roadshow?
In an IPO roadshow, the management team presents to institutional investors across multiple cities. When Brazilian executives present in English (or vice versa), the simultaneous interpreter converts speech in real time for the audience. The interpreter operates in consecutive mode for 1:1 sessions and simultaneous for group presentations.
IPO roadshow vocabulary is specific and technical: offer structure (primary vs secondary, overallotment, lockup period), valuation metrics (EV/EBITDA, P/E, precedent transactions), SEC compliance (registration statement, prospectus, quiet period, safe harbor), and company-specific financial narrative.
XP Investimentos case — NASDAQ IPO 2019
In December 2019, XP Investimentos conducted the largest Brazilian company IPO on NASDAQ at the time — US$14.9 billion, 14× oversubscribed. Alex Barros interpreted the roadshow for American institutional investors, converting XP management presentations from Portuguese to English in group sessions and 1:1s.
The specific challenge: XP's vocabulary combines Brazilian brokerage terminology (assessor de investimentos, plataforma aberta) with American capital markets terminology (broker-dealer, AuC, net revenue take rate). The glossary was prepared from the prospectus and presentation decks sent 5 days before the roadshow.
Management presentations and investor days
Beyond IPO roadshows, lingo covers management presentations in M&A processes (sell-side and buy-side), investor days for listed companies, earnings calls with international analysts, and results presentations to PE fund LPs.
For management presentations, Alex Barros receives decks and agenda 48h in advance for glossary preparation. The glossary is transaction-specific — including financial projections, deal structure and sensitivities that cannot be misinterpreted in front of investors conducting due diligence.
FAQ
Has lingo interpreted IPO roadshows before?
Yes. The most documented case is the XP Investimentos NASDAQ IPO 2019 (US$14.9B, 14× oversubscribed) — the largest Brazilian company IPO on NASDAQ that year.
Consecutive vs simultaneous in roadshows?
1:1 investor sessions use consecutive (no equipment, natural Q&A rhythm). Group presentations use simultaneous (individual receivers or RSI). lingo operates both.
Does the interpreter sign NDA?
Yes. For roadshows in the quiet period, lingo signs NDA with the issuing company before receiving any materials.
How much lead time for an IPO roadshow?
7–10 days — to sign NDA, receive materials, prepare the specific glossary and confirm city schedule.
Does lingo cover roadshows outside Brazil?
Yes via RSI. For in-person roadshows in New York or London, Alex Barros travels or coordinates a lingo interpreter on location — logistics included in the quote.
Lingo Qi Interpretações LTDA · CNPJ 53.834.741/0001-34 · Guarulhos, SP · lingo.com.br