Icelandic bank’s rebirth is reassuringly prudent

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The rebirth of the Icelandic bank, Íslandsbanki, a state-owned group constructed from the wreckage of Glitnir, is reassuringly prudent. LiamWardProud writes:

Íslandsbanki on June 7 said it had received orders above the maximum number of offered shares for its scheduled listing.

The state-owned Icelandic lender earlier on the same day unveiled a price range for its initial public offering of 71 to 79 Icelandic crowns, implying a market capitalisation of roughly 150 billion crowns . Iceland’s government is selling 35% of the bank, which is expected to start trading on the Nasdaq Iceland exchange on June 22.Iceland's flags are seen in souvenir shop in Reykjavik January 27, 2009.

 

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LiamWardProud Can they bank roll West Ham united again please 🤣

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