Bankers to AIB IPO issue final pricing guidance on deal
Bankers to AIB's initial public offering have issued their final pricing guidance on the deal and warned investors bids submitted at lower than €4.40 per share risk exclusion.
The partial privatisation of the national lender is due to conclude today. AIB will debut on the London and Dublin stock exchanges on Friday, with shares trading on a conditional basis.
This latest update from the banking syndicate indicates the deal is expected to price at €4.40 per share, as reported earlier this week by the Irish Independent.
That would reap the Government about €3bn and equate to a market capitalisation of €11.94bn.
Last night bankers on the IPO narrowed the price range a second time taking it to €4.30-€4.50. The initial guidance was €3.90-€4.90.