Deals

IPO Market Stumbles in Denmark as $1 Billion Deal In Doubt

Nykredit said on Friday it may have better options than IPO
Denmark has had a mixed history with IPOs in recent years

Pedestrians pass a water fountain outside the offices of Nykredit Realkredit A/S bank in Copenhagen.
Photographer: Freya Ingrid Morales/Bloomberg

Provide news feedback or report an error

Confidential tip?

Send a tip to our reporters

Site feedback:

Take our Survey

By Christian Wienberg and Frances Schwartzkopff

November 5, 2017 at 11:00 AM UTC

Updated on

November 6, 2017 at 7:55 AM UTC

This article is for subscribers only.

Denmark has been home to some of Europe’s bigger initial public offerings of late, thanks to listings of Dong Energy A/S and Nets A/S. That’s provided a lucrative setting for investment banks.

But now, what could have been the biggest Nordic bank IPO in about two decades might not happen at all. Nykredit Realkredit A/S, Denmark’s biggest mortgage bank with about $215 billion in assets, said on Friday it may pull an IPO that was set to take place in the first quarter.