Spain’s Ibercaja delays IPO plans, citing market volatility

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By Cristina Roca

Spanish bank Ibercaja Banco SA has decided to postpone its plans to go public, citing high global market volatility as a result of geopolitical tensions.

The Zaragoza-based bank, which had announced its intention to list in Spain on Jan. 20, said Tuesday that it has decided to wait until markets return to more normal conditions.

Ibercaja, the ninth-biggest bank in Spain by assets according to a January filing, hadn’t indicated a target date for its initial public offering, and didn’t provide more details on timing Tuesday.

Write to Cristina Roca at cristina.roca@wsj.com


This article was originally published by Marketwatch.com. Read the original article here.

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