Bawag floats for €1.68bn but falters on first morning

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Equity
Equity IPOs

Bawag floats for €1.68bn but falters on first morning

Aidan Gregory
October 25, 2017 11:00 AM
Austria_PA_230x150
Austrian ski jumper Gregor Schlierenzauer jumps in front of the scenery of the town of Oberstdorf and the Alps at the first training session of the 55th Four Hill Tournament. | A3483 Matthias Schrader/DPA/PA Images

Bankers selling the large quantity of IPOs in process in Europe will not be pleased to see that shares in Bawag, the Austrian bank, are trading 1% down after their debut on the Vienna Stock Exchange. Earlier this morning they were as much as 4% down, so there appears to be a recovery in progress.

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Aidan Gregory
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