When Fabio Auriemo started JHSF Participacaoes in 1972, he had no idea the height to which his company would eventually rise. Over the next 30 years, the company became one of the most important real estate developers in all of Latin America, completing some of the most ambitious projects in the country of Brazil and throughout the South America region.
In 1993, Fabio Auriemo decided to retire, passing the reins of the company that he founded over to his son, Jose Auriemo Neto. As the president of JHSF Participacaoes, Jose Auriemo Neto prove to be an even more capable leader than his father. He was able to quickly begin expanding the firm in to markets that it had never before participated in. The company was able to expand successfully into the administration and development of parking facilities throughout many of Brazil’s rapidly modernizing cities. This new source of revenue proved to be a boon for the company, which began seriously considering an initial public offering of its stock in the year 2007.
It was in that year that the company successfully managed to pull off the single largest IPO in Brazilian history, generating more than $100 million in new capital for the future operations of JHSF Participacaoes. Over the next 10 years, Auriemo Neto would go on to more than quintuple the value of the company, eventually leading it to a market valuation of more than $1.3 billion. Auriemo Neto continued taking on some of the most ambitious real estate development projects that the country had ever seen. Projects like the Parque Cidade Jardim, one of the most luxurious real estate developments ever embarked on in the city of Sao Paulo, proved that JHSF Participacaoes had what it took to help bring Brazil into the ranks of the planet’s first-world nations.
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