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

March 19, 2021 7:58 AM EDT

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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)

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