06-03-2025
Lone Star's Novo Banco Said to Add More Banks to Lisbon IPO
By and Pablo Mayo Cerqueiro
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Portuguese lender Novo Banco SA has added more banks to work on a planned initial public offering, according to people familiar with the matter.
BNP Paribas SA, Jefferies Financial Group Inc. and Keefe, Bruyette & Woods Inc. have been selected as additional global coordinators for the Lone Star Funds-backed company's IPO, said the people, who asked not to be identified because the matter is private. Novo Banco's IPO could raise €1 billion ($1.1 billion) or more depending on investor demand, according to the people.
