ISE hosts largest IPO in Europe in 2017 as AIB lists on the MSM

Allied Irish Banks plc (AIB), Ireland’s largest bank, has today been admitted to the Main Securities Market (MSM). It is the largest IPO in Europe this year.  

AIB CEO Bernard Byrne rings the bell at the ISE on AIB's IPO 27 June 2017

AIB CEO, Bernard Byrne, rings the opening bell at the Irish Stock Exchange to mark AIB's IPO on the MSM watched by Deirdre Somers, ISE CEO, and Richard Pym, Chairman AIB.

AIB IPO raises €3bn for the State from Irish and international investors

AIB’s admission to a primary listing on the MSM follows the sale of a c. 25% stake in the group by the Minister for Finance of Ireland, raising c. €3bn for the State from Irish and international investors. AIB’s ticker for trading on the MSM is AIB1.

Deirdre Somers - "ISE is proud to host the biggest IPO in Europe this year" 

Deirdre Somers, Irish Stock Exchange CEO said:“We are delighted that AIB has joined the ISE's Main Securities Market and we are particularly proud that the Irish Stock Exchange is hosting the biggest IPO in Europe this year. This is a very positive step for AIB and the banking sector of Europe’s fastest-growing economy. We congratulate AIB on successfully executing its IPO and wish it every success in the future.”

Bernard Byrne, AIB CEO - "Our primary listing provides us with a platform to diversify our shareholder base within Europe and beyond"

Bernard Byrne, AIB CEO, said: “Our primary listing on the Irish Stock Exchange marks another important milestone for AIB and provides us with a platform to diversify our shareholder base within Europe and beyond.”

AIB is a financial services group operating mainly in the Republic of Ireland and the UK. AIB provides a broad range of services to personal, business and corporate customers in target markets and has leading market shares in banking products in the Republic of Ireland. 

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Note to editors

Prior to today’s IPO, AIB maintained a listing on the ISE’s Enterprise Securities Market (ESM)

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CONTACT US

Ailish Byrne, Head of Public Affairs and Communications at the Irish Stock Exchange, Dublin

Ailish Byrne

+353 1 6174266

ailish.byrne@ise.ie