Yves Perrier, the chief executive of Amundi (pictured), rang the bell to open trading on the Euronext Paris this morning following its initial public offering (IPO) yesterday.
Amundi is the year’s largest IPO by an asset management company in Europe and it is also the Paris stock exchange’s largest listing since 2005.
Amundi has been listed on the Euronext Paris with 166,791,6804 of existing shares being traded as part of the ‘global offering’. The share price of the offering was set at €45.
The shares are being sold by Societe Generale.
The offer raises about €1.5 billion and Amundi's market capitalisation was around €7.5 billion on the day of listing.
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