(Bloomberg) — In one of the world’s worst hotspots for the coronavirus, a crowded pipeline of initial public offerings got a harsh reality check. Brazilian builder Direcional scrapped plans Tuesday to list shares of its unit Riva 9, a real-estate developer focused on middle-income housing. The firm cited unfavorable market conditions. It was a disappointing … Continue reading Canceled Real-Estate Deal Throws a Wrench in Brazil’s IPO Rush