Traton sets IPO range earlier than expected

Volkswagen surprised the equity capital markets on Friday by setting a range on the IPO of its trucks division, Traton, a few days earlier than most in the market had expected. But the deal has already gained strong investor interest.

  • By Sam Kerr
  • 14 Jun 2019

JP MorganCitiDeutsche Bank and Goldman Sachs are global co-ordinators on the IPO, Bank of AmericaBarclaysBNP ParibasSEB and UniCredit are bookrunners.

Traton's IPO was launched on June 4 and, given that European IPOs traditionally have a full two weeks of investor education prior to books being opened, ...

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All International Bonds

Rank Lead Manager Amount $m No of issues Share %
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1 JPMorgan 294,431.58 1323 8.57%
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5 Goldman Sachs 169,480.13 704 4.93%

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Rank Lead Manager Amount $m No of issues Share %
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1 BNP Paribas 34,500.40 147 7.53%
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5 SG Corporate & Investment Banking 22,509.71 104 4.91%