Relief in Spain as Bankia scrapes through
Bankia could be set for a difficult trading debut on Wednesday after its very relieved bookrunner group got the Eu3.09bn IPO completed with the barest level of oversubscription. It is Banca Civica’s turn next and the smaller institution on Tuesday was able to put out an oversubscribed message after rebalancing its tranche sizes to reflect a large oversubscription from retail investors.
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