Deals
ABN Amro IPO Draws Demand for All Shares on Sale, Terms Show
- All shares in IPO covered one day after orders began
- Offer of 23% stake is at the low end of expectations
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ABN Amro Group NV, the nationalized Dutch lender, has attracted demand for all the shares on sale in its initial public offering, just a day after order-taking began.
Terms sent to investors on Wednesday show the entire deal, including the so-called greenshoe, is covered. The government is selling a 23 percent stake in the nationalized lender in an offering that may raise as much as 4.3 billion euros ($4.6 billion).