Euronext Sees Second Largest IPO in 2015 with ABN AMRO

Euronext, Europe’s largest Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term, saw the initial public offering (IPO) of ABN AMRO (ticker symbol: ABN), which kicked off its inaugural trading day Friday on its Amsterdam market.

ABN AMRO is one of the largest Dutch full service banks, complete with a vast array of financial services and traditional banking products. The banking group also services retail, private and corporate banking clients, whose main focus extends to the Netherlands with select exposure abroad.

In addition, the bank has cultured a transparent image among would-be and current investors, that has helped highlight a moderate risk profile and clean balance sheet, reinforced by a strong capital position – this is a stark departure from several other European banks, which have recently made headlines for a litany of cost cutting measures amidst waning earnings.

The IPO was a large success, having managed to raise $3.5 billion (€3.3 billion), which constituted the second largest IPO in Europe in 2015 – furthermore, ABN AMRO achieved a market capitalization of $17.9 (€16.7 billion), which is by far the highest in Europe’s markets since 2011.

According to Gerrit Zalm, Chairman of the Managing Board of ABN AMRO, in a recent statement on the IPO, “ABN AMRO, the bank that was listed on the Amsterdam Stock Exchange Stock Exchange A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin Read this Term 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.”

“This is a special day for ABN AMRO and we congratulate them on their successful IPO and listing. 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,” noted Maurice van Tilburg, CEO of Euronext Amsterdam, in an accompanying statement.