ALD achieves €5.8bn valuation as IPO attracts 150 investors

By Aidan Gregory
15 Jun 2017

ALD, the car leasing division of Société Générale, priced its €1.15bn Paris IPO near the bottom of its initial range on Thursday.

The IPO is the largest in France since the €1.6bn flotation of Amundi, the asset manager, in November 2015, and is one of the largest in Europe this year.

ALD achieved a valuation of 9.6 times its 2018 forecast earnings.

Credit Suisse, JP Morgan and Société ...

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