Arion’s landmark IPO tests investor demand for Icelandic assets

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Arion’s landmark IPO tests investor demand for Icelandic assets

Aidan Gregory
May 17, 2018 05:00 PM
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Supporters of Iceland wave a flag during the Uefa Euro 2016 Group F soccer match between Iceland and Hungary at the Stade Velodrome in Marseille, France, June 18, 2016. Photo: Federico Gambarini/dpa (RESTRICTIONS APPLY: For editorial news reporting purposes only. Not used for commercial or marketing purposes without prior written approval of UEFA. Images must appear as still images and must not emulate match action video footage. Photographs published in online publications (whether via the Internet or otherwise) shall have an interval of at least 20 seconds between the posting.) | Federico Gambarini/DPA/PA Images

Arion Banki, the domestic arm of failed Icelandic bank Kaupthing, plans to become the first bank in Iceland to return to the stockmarket nearly a decade on from the financial crisis, having announced its intention to float on Nasdaq Iceland and Nasdaq Stockholm.

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