Arion’s landmark IPO tests investor demand for Icelandic assets
Arion Banki, the domestic arm of failed Icelandic bank Kaupthing, plans to become the first bank in Iceland to return to the stockmarket nearly a decade on from the financial crisis, having announced its intention to float on Nasdaq Iceland and Nasdaq Stockholm.
The IPO has been extensively pilot fished and will be an important test of investor sentiment towards Iceland and its banking sector.Icelandic banks were extensively restructured in the wake ...
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