Spain’s Rules on Capital to Provide Boon for IPO Bankers
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Spain’s decision to force lenders to meet stricter capital rules or risk state ownership will provide a boon to bankers and lawyers helping them raise funds with stock market listings and asset sales.
Spanish banks may raise as much as 20 billion euros ($27.3 billion) by selling stock in initial public offerings and reducing their stakes in publicly traded companies in the next two years, according to bankers working on the plans. That’s after stock sales across all industries in Spain raised about 13 billion euros in the past two years, Bloomberg data show.