Next Thursday, April 29, the insurer Línea Directa will debut on the stock market. The Bankinter subsidiary hitherto hit the market as the first IPO in Spain since Soltec, last October. After this company, a cascade of stock market debuts is expected to take place in Spain after years of drought and that, as the CNMV has pointed out, it is on the way to “record”. It is expected that during this year as many companies as in the accumulated of the last three years will arrive on the market. However, this record will not have an effect on public revenues through the Financial Transactions Tax, which began operating in January. At least for this year.
The CNMV foresees a record of IPOs and calls for legal “tinkering” to boost the SPAC fashion in Spain