Novo Banco SA, a Portuguese lender whose controlling stake is owned by investment firm Lone Star, is actively preparing for a potential initial public offering (IPO). However, specific timelines for this event have not yet been established. This news has attracted the attention of analysts and investors, as an IPO could represent a significant step in the bank's development and enhance its market capitalization.

Novo Banco, a Portuguese lender controlled by the investment firm Lone Star, has announced its plans for an initial public offering (IPO). According to the bank's CEO, Mark Bourke, if everything goes well, the IPO could take place in either the second or third quarter of this year.

Portuguese lender Novo Banco SA reported the initiation of preparations for its Initial Public Offering (IPO). This news has attracted market attention, as the IPO could represent a significant event for the financial sector in Portugal.

Recent developments indicate that the American private investment firm Lone Star plans to sell approximately 25-30% of Novo Banco’s shares via an initial public offering (IPO) rather than pursuing a full sale. The Portuguese Ministry of Finance, through Minister Joaquim Miranda Sarmiento, confirmed this strategy, emphasizing that this approach capitalizes on the benefits of a public offering.