Allied Irish Banks Valued at $13.3 Billion in I.P.O.
By CHAD BRAYJUNE 23, 2017
LONDON — Nearly seven years after its collapse almost brought down Ireland’s banking system
and forced the government to bail it out, one of the country’s biggest lenders returned to the public markets on Friday with a healthy valuation of $13.3 billion.
The offering of a 25 percent stake in the lender, Allied Irish Banks, is an important milestone
in the recovery of Irish banks, which nearly bankrupted the country after the financial crisis.
The Irish government injected 21 billion euros, or about $23.4 billion at current exchange rates, into Allied Irish, in 2009 and 2010.
The offering of 679 million shares of Allied Irish Banks priced each at €4.40, the midpoint of its expected range, the government said.
