ABN AMRO Euronext Amsterdam IPO

Overview:

• ABN AMRO has undertaken an IPO on the Euronext Amsterdam raising €3.8 billion. 
• The issue values the bank at €16.7 billion.
• The Dutch government privatised ABN Amro seven years ago in a bailout.
• This is the largest IPO in Europe since 2011, the largest privatisation in the Netherlands and the fifth largest equity deal in 2015 in the EMEA region.
• The proceeds will be used to repay part of the €22 billion bailout package made by the Dutch state.
• NL Financial Investment is the Dutch State's vehicle for administering nationalised banks.
• The Dutch state will continue to retain a majority stake in ABN Amro post-IPO, but it plans to exit the company completely. 
• Morgan Stanley, Deutsche Bank and ABN AMRO are the lead underwriters along with Bank of America, Barclays, Citigroup, JPMorgan Chase, ING and Rabobank.

Wai Yee Tsang - Journalist