CSFB and Morgan Stanley revive Spanish IPO market

“Fadesa Inmobiliaria, a real estate company, has filed for the first Spanish initial public offering (IPO) for two years in an offer led by Banco Bilbao Vizcaya Argentaria (BBVA), Credit Suisse First Boston (CSFB), and Morgan Stanley.”

Ok, so it’s not a Google or Salesforce.com IPO, but if it breathes life back into the IPO market in Spain, it’s a good thing. However, I’m really concerned about the real estate bubble in Spain, and can’t help thinking this is just going to add fuel to the fire… a serious crash is coming (although it seems to be taking a long time to arrive).

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