Citi, J.P. Morgan hired to coordinate Islandsbanki IPO

March 19, 2021 7:58 AM EDT

News and research before you hear about it on CNBC and others. Claim your 1-week free trial to StreetInsider Premium here.

COPENHAGEN (Reuters) - Iceland's state holding company has hired Citigroup and J.P. Morgan to help coordinate Islandsbanki's upcoming initial public offering (IPO), it said in a statement on Friday.

The government intends to sell up to 35% of state-owned Islandsbanki in a domestic listing this year.

The banks were selected from a group of 24 interested parties.

(Reporting by Nikolaj Skydsgaard; editing by Jason Neely)



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Reuters

Related Entities

JPMorgan, Citi, IPO