# Prof. Alexander Ljungqvist on the Spanish lender Bankia's IPO

1 Faculty News May 16, 2012 ![Bloomberg logo](/sites/default/files/styles/246w/public/assets/images/bloomberg192x144.jpg?itok=yV529lwz)>

Excerpt from [Bloomberg](http://www.bloomberg.com/news/2012-05-16/bankia-ipo-leaves-shareholders-2-billion-poorer-after-bailout.html) -- "Individuals bought about 60 percent of the shares on sale in the IPO, Spain’s third-largest ever. Historically, about 30 percent of shares were sold to retail investors in IPOs, according to [Alexander Ljungqvist](http://www.stern.nyu.edu/faculty/bio/alexander-ljungqvist), a finance professor at New York University’s Stern School of Business."

[Read more](http://www.bloomberg.com/news/2012-05-16/bankia-ipo-leaves-shareholders-2-billion-poorer-after-bailout.html)

Additional coverage appeared in [Bloomberg Businessweek](http://www.businessweek.com/news/2012-05-16/bankia-ipo-leaves-shareholders-2-billion-poorer-after-bailout).