Dutch merchant and entrepreneurial bank NIBC has announced its intention to proceed with an Initial Public Offering. The ordinary shares will consequently be listed on Euronext Amsterdam.
It is expected that the NIBC offering will consist of existing shares held by a number of entities operated by J. C. Flowers & Co. The offering will be around 35% of existing shares. It will occur in the next few weeks subject to market conditions, among other factors.
The CEO of NIBC, Paulus de Wilt, released this statement:
‘As the bank for our clients’ most decisive moments, today we have our own decisive moment with the announcement of our intention to float. We have made great progress in the past years and embarked on a journey to revitalise the bank and to improve its profitability and resilience by focusing firmly on our clients and on the future. We reap the rewards of the transformational investments we have made over the last four years and are now ready for this next step in our development.’
Agility and the capacity to revitalise the bank are prominent in the full statement. The bank is proud to invest in fintech, anticipate trends and adapt to the future. Furthermore, the bank does not have current accounts or payment services. NIBC can accordingly focus on being flexible and adaptive to the market.
The full NIBC press release is here.
