Central Bancompany discloses higher revenue in US IPO filing

Bank holding firm Central Bancompany on Friday revealed an about 6% rise in revenue in the first half of the year as it filed for a US initial public offering, becoming the latest financial firm to seek a buoyant listing market. US IPO activity has picked up in recent months after a lull caused by market volatility and trade policy uncertainty, with strong debuts from Alliance Laundry and Phoenix Education Partners on Thursday underscoring renewed investor appetite for risk. Last month, another bank holding firm Commercial Bancgroup and automated digital wealth management company Wealthfront had said they plan to list in the US. Since the 2008 financial crisis, US bank IPOs have been rare, as tighter regulations, rising compliance costs...