Brazil’s resilience during the economic crisis has made it a favorite investor destination and the country will soon play host to the world’s largest initial public offering, or IPO, this year, according to the Wall Street Journal. OSX Brasil SA, a shipbuilder belonging to the Brazilian billionaire Eike Batista (photo), disclosed plans to raise from 5.5 billion Brazilian reais to 7.35 billion reais (US$3.1 billion to US$4.1 billion) through its IPO on the Brazilian stock exchange, the Journal reported. These numbers surpass the $2.3 billion raised by China’s Huatai Securities in February. “This huge IPO shows the extent of the interest in Brazilian assets. And since OSX is linked to the oil business, it will likely perform well,” said Joao Pedro Brugger, a manager of the local Leme investment fund, quoted by the paper. Eike Batista is considered to be a wild business man, sometimes classified as “adventurous”. Recently, he became the wealthiest person in Brazil, with an estimated fortune of US$16 billion.