AIB listing provides the Irish Stock Exchange with the largest IPO in Europe in 2017
AIB’s listing on the main securities market has provided the Irish Stock Exchange (ISE) with the largest IPO in Europe in 2017.
AIB’s admission to a primary listing on the main securities market follows the sale of a 25pc stake in the group by the Minister for Finance, raising approximately €3bn for the State from Irish and international investors.
AIB’s ticker for trading on the market is AIB1.
Commenting on the announcement, Deirdre Somers, CEO of the ISE said that they were proud that the ISE is hosting the biggest IPO in Europe this year.
“This is a very positive step for AIB and the banking sector of Europe’s fastest-growing economy. We congratulate AIB on successfully executing its IPO and wish it every success in the future,” Ms. Somers said.
CEO of AIB, Bernard Byrne, described listing as an “important milestone” for the bank, saying that it provided the bank with “a platform to diversify our shareholder base within Europe and beyond.”
Article Source: http://tinyurl.com/kbwqb42
