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.

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