ABN Amro said to market IPO value at $17.5bn

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ABN Amro is marketing itself to potential investors in its initial public offering at a value of about $17.5bn, according to three people familiar with the matter.

Bloomberg News reports that the bank is pitching itself as a local consumer bank that should trade at the same price as its book value, a measure of assets minus liabilities, the people said, asking not to be named because the details aren’t public.

No final decision has been made on valuation as the bank prepares to present a price range to investors as early as next week, they said.

ABN Amro is fashioning its valuation in line with Dutch competitor ING, which trades at about 1.1 times book value, as well as a group of European banks as its peers, the people said.

To access the complete Bloomberg News article hit the link below:

ABN Amro Said to Pitch Valuation of $17.5 Billion Pre-IPO

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