Deutsche Bank Tempers DWS IPO Price Target With Narrower Range
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Deutsche Bank AG is set to sell shares in its asset management division DWS near the middle of the proposed price range as it approaches the conclusion of the initial public offering.
The lender narrowed the range to between 32 euros ($39.30) and 33 euros apiece, it said in a statement Wednesday, and had sought as much as 36 euros a share. The books are covered throughout the new range and will close Thursday at 2 p.m. CET, it said. DWS may now be valued at as much as 6.6 billion euros.