Bawag breaks Vienna exchange IPO record

摘要

Austria's fourth biggest lender, Bawag, has executed the largest ever initial public offering (IPO) on the Vienna Stock Exchange by selling €1.9bn of shares. According to a statement issued by the bank on October 24,40.25 million shares were sold at a value of €48 each. Initial trading proved to be lacklustre, and by mid-morning on October 25 Bawag's share price had fallen by about 3%.