“Icelandic companies are rushing to raise money and sell shares to local public as the government prepares to remove capital controls. Reitir hf, a real estate company, this week started trading after Iceland’s biggest initial public offering since the 2008 crisis. The company was the first of at least three planned IPOs this year on the Nasdaq Group OMX Inc. Reykjavik exchange. Capital controls trap about $5.3 billion in assets on the island, which are now boosting the local stock market and have also triggered a surge in home prices. Reitir became the 15th company on the exchange, up from just seven in 2010. The exchange had 75 companies 16 years ago.”
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