Abanca May Consider Potential IPO if Bank Valuations Stay High
An office building of the Abanca Corporacion Bancaria SA bank in A Coruna, Spain.
Photographer: Manaure Quintero/BloombergAbanca Corporacion Bancaria SA said it may consider an initial public offering in the longer term if higher valuations for bank stocks prove sustainable.
Juan Carlos Escotet, the chairman of the Spanish lender, said an IPO is an option after a “radical change” seen in the market, with most rivals trading over their book value.