Austria’s Bawag disappoints in early trading after biggest ever Vienna IPO

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Austria’s Bawag disappoints in early trading after biggest ever Vienna IPO

Aidan Gregory
October 24, 2017 01:00 pm
Bawag_PA_230x150
The company logo of Austrian bank BAWAG (Bank fuer Arbeit und Wirtschaft) ('Bank for Work and Economy') seen at a branch in Villach, Austria. | C3356 Beate Schleep/DPA/PA Images

Shares in Bawag, the Austrian banking group, closed below their offer price on Wednesday after the company priced its €1.68bn IPO at €48 a share, near the bottom of the initial €47 to €52 range.

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JP MorganCredit SuisseEquity IPOsUBSEquityBank of AmericaBarclaysEMEAMorgan StanleyEuropeAustriaGoldman Sachs
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