ABN Amro returns to the Amsterdam Stock Market with IPO
The largest flotation of a European bank since the financial crisis has taken place, with Dutch taxpayers looking to recoup some of the €32bn ($34bn) that it spent on bailing out ABN Amro. The first IPO raised €3.3bn ($3.5bn), with 188 million shares sold, valuing the bank at around €17bn ($17.9bn), meaning that a fifth of the bank has now been privatised, with further sales set to complete in the next few months.

AMSTERDAM — Shares in ABN Amro Group NV rose on their first day of trading Friday after an initial public offering valued the bailed-out Dutch bank at €16.7 billion ($17.93 billion).

Shares were priced at €17.75, just below the midpoint of a proposed range, and rose to above €18 in early trading on the Amsterdam Stock Exchange AEX, +0.13%