Deals
Ibercaja Joins Pile of Postponed IPOs Amid Market Turbulence
Elderly pedestrians pass an Ibercaja Banco SA bank branch in Barcelona, Spain, on Friday, Sept. 3, 2021.
Photographer: Angel Garcia/BloombergThis article is for subscribers only.
Spanish lender Ibercaja Banco SA is the latest company in Europe to delay its initial public offering, citing high market volatility and elevated geopolitical tension.
The Zaragoza-based bank will wait for the market to “return to a more regular situation” before continuing with the offering, it said in a statement filed with regulators Tuesday. Bloomberg News has previously reported that the bank could be valued at about 1 billion euros ($1.1 billion).