Amundi tightens share price range for IPO

Reuters has reported Amundi has tightened its share price range that is being applied to the French retail offering and the international offering.

Initial price range was comprised between €42.00 and €52.50 per share but according to Reuters, the range price now goes from €43 to €45 per share.

Some 33,358,336 shares are being sold by Societe Generale with an over-allotment option of a maximum of 5,003,750 additional transferred shares by Credit Agricole.

Gross proceeds resulting from the sale of shares are expected to reach between €1.4bn and €2bn.

The French retail offering will close on 10 November 2015 at 5:00 pm (Paris time) for orders at the counter and for online subscriptions while the international offering’s closure is scheduled on 11 November 2015 at 1:00 pm (Paris time).

Adrien Paredes-Vanheule
Adrien Paredes-Vanheule is French-Speaking Europe Correspondent for InvestmentEurope, covering France, Belgium, Geneva and Monaco. Prior to joining InvestmentEurope, he spent almost five years writing for various publications in Monaco, primarily as a criminal and financial court reporter. Before that, he worked for newspapers and radio stations in France, in particular in Lyon.

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