Denmark's US$1b IPO may not happen

Copenhagen

DENMARK has been home to some of Europe's bigger initial public offerings of late, thanks to listings of Dong Energy A/S and Nets A/S. That's provided a lucrative setting for investment banks.

But now, what could have been the biggest Nordic bank IPO in about two decades might not happen at all. Nykredit Realkredit A/S, Denmark's biggest mortgage bank with about US$215 billion in assets, said on Friday it may pull an IPO that was set to take place in the first quarter.