Bankia is seeking to raise as much as $5.71 billion in an initial public offering (IPO), The Wall Street Journal reports. The Spanish lender will register its offering with the market regulator by next week.
Shares in the IPO will be sold by investment banks, Bank of America Merrill Lynch, JP Morgan Chase, UBS and Deutsche Bank, while Lazard will be the financial advisor of the bank. Bankia is looking to start the IPO in July this year.
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