McCann FitzGerald advises AIB on Europe’s largest IPO in 2017

We advised Allied Irish Banks, p.l.c. on its c. €3 bn IPO and admission to the Irish and London Stock Exchanges, the largest IPO in Europe in 2017.  The offer included an institutional and intermediaries retail offer by the Minister for Finance of c. 679 million ordinary shares at €4.40 per ordinary share, giving AIB a market capitalisation of c. €12 billion at pricing.  All of AIB’s ordinary shares were admitted to the Official Lists of the Irish and London Stock Exchanges on 27 June 2017.