Novo Banco May Do Its IPO in the Second Quarter at the Earliest
Novo Banco SA, a Portuguese lender that's majority-owned by Lone Star, said its planned initial public offering could take place in the second quarter or in the third quarter of this year.
'If everything falls into place, we get the capital structure optimized, then you could hit the second quarter window,' Novo Banco Chief Executive Officer Mark Bourke said in an interview on Thursday. 'If it takes a bit longer then it could be in the third quarter, which would be after the summer.'
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