Arion’s landmark IPO tests investor demand for Icelandic assets

By Aidan Gregory
17 May 2018

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.

Morgan Stanley, Arion Bank, Carnegie and Citigroup are global co-ordinators, Deutsche Bank and Goldman Sachs bookrunners.

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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