Landsbankinn Leads Successful Íslandsbanki Share Offering
Deal News | May 16, 2025 | Landsbankinn HF
Landsbankinn Corporate Finance has successfully advised the Icelandic government in the record-breaking public offering (PO) of Íslandsbanki shares. The offering witnessed overwhelming interest from both the public and institutional investors, resulting in total demand of ISK 190 billion. Over 850 million shares were sold at a price of ISK 106.56 each, raising ISK 90.6 billion, marking it as the largest share offering ever conducted in Iceland. A significant milestone was achieved in public participation, with Offer Book A, catering exclusively to private individuals, receiving ISK 88.2 billion from over 31,000 subscribers. The PO also targeted large institutional investors through Offer Books B and C.
Sectors
- Finance
- Investment Banking
Geography
- Iceland – The entire transaction and the entities involved, including the government and Landsbankinn, are based in Iceland.
Industry
- Finance – The industry is relevant as the article discusses a financial transaction involving a public offering of bank shares.
- Investment Banking – Landsbankinn Corporate Finance, a financial advisory entity, plays a crucial role in executing the Íslandsbanki public offering.
Financials
- ISK 190 billion – The total demand for the public offering of Íslandsbanki shares.
- ISK 90.6 billion – The total amount raised from the sale of 850,000,007 shares in the public offering.
- ISK 106.56 – The price per share in the public offering.
- ISK 88.2 billion – The subscriptions in Offer Book A from private individuals.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Landsbankinn HF | Corporate Finance Advisor | Company | Landsbankinn Corporate Finance served as the financial advisor to the Icelandic government for the public offering. |
| Íslandsbanki | Target Company | Company | The company whose shares were offered to the public in the largest share offering in Iceland. |
| Icelandic Government | Selling Company | Government | The vendor of the shares in the public offering. |