Paris Re IPO goes for €19.35 a share
European reinsurer Paris Re has announced that its Euronext Paris Eurolist IPO will raise between €224.5m and €258.2m dependent on take up of over-allotment options, for a sale of between 13.6% and 15.6% of the company at €19.35 a share, valuing the firm at €1,656m overall.
Paris Re said the IPO has met with a positive response from French and international institutional investors as well as French retail investors.
Hans Peter Gerhardt, Chief Executive Officer of PARIS
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