Greece Is Said to Raise €785 Million in IPO of Athens Airport

Greece priced the initial public offering for a stake in the Athens International Airport at the top end of its range to raise about €785 million ($852 million) in the country’s biggest listing since the turn of the century.

The nation, which has a 30% holding through the Hellenic Republic Asset Development Fund, sold 90 million shares for €8.20 apiece, according to people familiar with the matter, who asked not to be identified because they’re not authorized to speak publicly about the matter. Greece received offers totaling €8 billion for a sale that was marketed at €7 to €8.20 per share, one of the people said.