Stibbe advises on the IPO of ABN AMRO

Stibbe advises on the IPO of ABN AMRO

Stibbe advises on the IPO of ABN AMRO

04.12.2015 NL law

Stibbe advises ABN AMRO, Deutsche Bank and Morgan Stanley (as joint global coordinators) and the other underwriters on the IPO of ABN AMRO.

The offering consists of a sale by NL Financial Investments, on behalf of the Dutch State, of 216.2 million depositary receipts (representing ordinary shares in ABN AMRO) at a price of EUR 17.75 per depositary receipt. The total value of the offering amounts to approximately EUR 3.8 billion. The price per depositary receipt of EUR 17.75 corresponds to an equity value of approximately EUR 16.7 billion for ABN AMRO. Trading in the depositary receipts on Euronext Amsterdam commenced on Friday 20 November 2015.

The IPO of ABN AMRO is the largest bank listing in Europe since the 2008 financial crisis.


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