Íslandsbanki commences trading on Nasdaq Iceland
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Íslandsbanki commences trading on Nasdaq Iceland
Reykjavík, 22 June 2021, Iceland.
Íslandsbanki hf (“Íslandsbanki” or the “Bank”), a leading bank in the Republic of Iceland, commenced trading today on Nasdaq Iceland at 09:30 GMT.
The listing of the Bank’s shares follows the successful completion of its Initial Public Offering. The value of the Offering amounts to up to ISK 55.3 billion or USD 457 million and represents the largest IPO in the history of Iceland and the largest European bank IPO since 2018.
At a ceremony today to mark the start of trading of the Bank’s shares at the opening of the market, Birna Einarsdóttir, CEO of Íslandsbanki, in the presence of the Bank’s employees, commented:
Our listing today marks the start of a new era for the Bank as we begin our return to private ownership, building on the work of recent years to establish Íslandsbanki as a well-capitalised, profitable and digital bank. We welcome all our new shareholders, both Icelandic and international, and we look forward to continuing our dialogue with the wider financial community. We embrace the coming years with confidence in the strength of Iceland’s economy, which Íslandsbanki will continue to support, to the benefit of all our stakeholders.
Birna Einarsdóttir,
CEO of Íslandsbanki
