AIB share sell price narrows amid high demand

Demand is said to be strong and the initial public offering expected to be oversubscribed

20th June, 2017
State to raise €3.4 billion from AIB sale.

The price at which the government will sell shares in AIB has narrowed to €4.20 to €4.60, according to bankers working on the transaction.

The Department of Finance last week set a price range of between €3.90 and €4.90 on the bank, which would give AIB a value of between €10.6 billion and €13.3 billion. At the upper end of the new range the bank would be valued at just under €13 billion.

Demand for...

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