JC Flowers-backed NIBC nets €1.5B valuation in IPO
March 13, 2018
Investment Banks | The Hague, Netherlands | IPO
NIBC, a portfolio company of financial services investor JC Flowers, has set a price range of €8.75 to €10.25 per share for its upcoming flotation, which could potentially value the bank at €1.5 billion. The firm will reportedly sell up to 30% of the business, which posted an adjusted profit of €66 million last year. JC led a consortium of buyers in acquiring NIBC in 2005.