DUBLIN: Shares in AIB have been priced at €4.40 apiece in a boost to one of Europe’s biggest stock market listings since the financial crisis that has generated a €3 billion payday for the Irish government.
Advisers to the Irish lender were able to price the shares close to the top of the indicated range after investors clamoured to take part in the offering. Demand for the shares outstripped supply by more than four times, according to Ireland’s finance ministry, with sources stating that hedge funds showed particularly strong interest in the deal.