Knorr-Bremse sellers price IPO at pragmatic range

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By Sam Kerr
11 Oct 2018

Despite huge demand for shares in the IPO of Knorr-Bremse, its sellers chose a conservative price of €80 a share.

Deutsche BankJP Morgan and Morgan Stanley are global co-ordinators on the 100% secondary deal. Berenberg, Commerzbank, UBSand UniCredit are bookrunners.

The final price was €80 a share and Knorr-Bremse will likely be valued at over €13bn after the IPO. Knorr-Bremse will start trading at a historical price to earnings ...

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