Amundi’s IPO set for mid November

French manager Amundi said its initial public offering is set to take place by mid-November.

In its document de base, the firm said it targets €120bn net new inflows between 1 January 2016 and 31 December 2018.

In detail, €45bn would come from retail investors, €30bn from joint-ventures and €45bn from institutional clients.

Amundi highlighted that the operation could generate an annual 5% average growth from 2016 to 2018.

ABOUT THE AUTHOR
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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