As part of the largest share offering in Iceland to date and final phase of the privatisation of Íslandsbanki hf., LOGOS advised the Joint Global Coordinators and Joint Bookrunners on the offering of the Icelandic government’s 45.2% remaining stake in the bank. The offering period closed on 15 May, where proceeds amounted to ISK 90.5 billion (approx. USD 700 million), with unprecedent public participation as more than 31,000 individuals subscribed for approx. ISK 88 billion (approx. USD 680 million).
The LOGOS team was led by Óttar Pálsson and Freyr Snæbjörnsson and also included Erna Leifsdóttir, Gunnar Smári Þorsteinsson, Jón Alfreð Sigurðsson and Kristján Óli Guðbjartsson.
We extend our sincere thanks to everyone involved in the project for their excellent collaboration and congratulate the Ministry of Finance and Economic Affairs on the outcome.