AIB share sell price narrows amid high demand
Demand is said to be strong and the initial public offering expected to be oversubscribed
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.
