ISE hosts largest IPO in Europe in 2017 as AIB lists on the MSM
Allied Irish Banks plc (AIB), Ireland’s largest bank, has today been admitted to the Main Securities Market (MSM). It is the largest IPO in Europe this year.
AIB IPO raises €3bn for the State from Irish and international investors
AIB’s admission to a primary listing on the MSM follows the sale of a c. 25% stake in the group by the Minister for Finance of Ireland, raising c. €3bn for the State from Irish and international investors. AIB’s ticker for trading on the MSM is AIB1.
Deirdre Somers - "ISE is proud to host the biggest IPO in Europe this year"
Deirdre Somers, Irish Stock Exchange CEO said:“We are delighted that AIB has joined the ISE's Main Securities Market and we are particularly proud that the Irish Stock Exchange is hosting the biggest IPO in Europe this year. This is a very positive step for AIB and the banking sector of Europe’s fastest-growing economy. We congratulate AIB on successfully executing its IPO and wish it every success in the future.”
Bernard Byrne, AIB CEO - "Our primary listing provides us with a platform to diversify our shareholder base within Europe and beyond"
AIB is a financial services group operating mainly in the Republic of Ireland and the UK. AIB provides a broad range of services to personal, business and corporate customers in target markets and
Note to editors
Prior to today’s IPO, AIB maintained a listing on the ISE’s Enterprise Securities Market (ESM)