ABN AMRO’s big Dutch IPO

ABN Amro is a Dutch (currently) stat-owned bank., headquartered in Amsterdam. The Dutch government is expected to sell up to 23% of ABN AMRO bank, in order to raise €4.3 billion., while valuing the bank at between €15 billion and €18.8 billion. Approximately 188 million shares will be offered to be sold at €16 to €20 a share.

The IPO is Europe’s biggest banking IPO since the financial crisis in 2008.

The company’s shares are expected to begin trading on November 20th and its symbol will be ABN.AS.

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