Second largest IPO in Europe this year and largest listing since 2011 in terms of market capitalisation
Amsterdam – 20 November 2015– ABN AMRO (ticker symbol: ABN) began trading today on the Amsterdam market of Euronext, after its successful Initial Public Offering (IPO). In total € 3.3billion was raised[1], making it the second largest IPO in Europe this year. With a market capitalisation of € 16.7 billion the listing of ABN AMRO is the largest in Europe since 2011.
ABN AMRO is a leading Dutch full service bank with a transparent and client-driven business model, a moderate risk profile, a clean balance sheet with predominantly traditional banking products, and a strong capital position and funding profile. The company services retail, private and corporate banking clients with a primary focus on the Netherlands and with selective capability-led operations internationally.
Gerrit Zalm, Chairman of the Managing Board of ABN AMRO: “ABN AMRO, the bank that was listed on the Amsterdam stock exchange today, is different from its predecessor, which operated under the same name. ABN AMRO is a bank with a primary focus on the Netherlands and with well-considered and selective operations internationally. We would like to express our gratitude to our clients, our employees and our shareholder, society. It is thanks to them that we are here today. Also many thanks to Euronext Amsterdam for its efforts in making this listing a success. We look forward to continuing our cooperation in the future.”
“This is a special day for ABN AMRO and we congratulate them on their successful IPO and listing”, Maurice van Tilburg, CEO of Euronext Amsterdam said. “The privatisation of ABN AMRO through a listing on our market is a great achievement and a logical step for this leading Dutch bank with long-standing roots in the financial industry. Euronext Amsterdam is proud to fulfill its role as a capital raising centre for companies, large, mid and small, which is fundamental for the Dutch economy.”
Gerrit Zalm celebrated the company’s listing by sounding the gong which denotes the opening of trading on Euronext.