The $8 billion initial public offering by the Brazilian unit of Spanish bank Banco Santander on Tuesday was the latest multibillion-dollar deal as the global market for IPOs continues to recover.

The IPO by Banco Santander (Brasil) SA was the largest worldwide this year, surpassing a $7.3 billion IPO by China State Construction Engineering in July. But Chinese companies make up half of the Top 10 IPOs.

Following is a list of the 10 largest IPOs globally in 2009.
Date Issuer Nation Proceeds ($mil)
10/06 Banco Santander Brasil Brazil $8,067.6
07/24 China State Constr. Engineering601688.SS China $7,342.7
06/25 Visanet Brazil $4,330.7
09/17 China Metallurgical Constr. China $2,779.0
10/06 Verisk Analytics Inc U.S. $1,875.5
08/05 Everbright Securities Co 607788.SS China $1,604.8
09/16 SINOPHARM China $1,295.6
09/24 Glorious Property Holdings Ltd Hong Kong $1,277.4
04/30 China Zhongwang Holdings Ltd China $1,270.4
08/20 National Hydro Electric Power India $1,247.1

(Reporting by Phil Wahba)