Traton prices IPO at bottom of the range
Volkswagen has closed the books on the long-awaited spin-off of its truck division, Traton, at €27 a share, the bottom of the price range. It was a positive result for the company, according to sources speaking to GlobalCapital.
The final price values Traton at €13.5bn, meaning the base deal of 50m shares is worth €1.35bn. There is also a 15% greenshoe.The revised price ...
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