Lone Star’s Novo Banco Aims for Possible IPO in June, CEO Says
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Portuguese lender Novo Banco SA is “well advanced” in drafting a prospectus for a possible initial public offering, which it aims to carry out in June at the earliest, Chief Executive Officer Mark Bourke said.
“We continue to have the same timetable, which is aim for June,” Bourke said in an interview on Tuesday. “If market conditions are conducive, that’s your first window. If not we go to September.”