Traton sets IPO range earlier than expected

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By Sam Kerr
14 Jun 2019

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.

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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