trending Market Intelligence /marketintelligence/en/news-insights/trending/magfjtqljocsoxgzfuwzhq2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

Final IPO price values Deutsche Bank's asset management arm at €6.5B

Street Talk Episode 61 - Investors debate if U.S. banks have enough capital in post COVID world

You Down With PPP? Consider The Risks

Street Talk Episode 60 - You Down With PPP? Consider The Risks

Part Two IFRS 9 Blog Series: The Need to Upgrade Analytical Tools

Final IPO price values Deutsche Bank's asset management arm at €6.5B

Deutsche Bank AG's asset management unit, DWS Group GmbH & Co. KGaA, said the placement price for shares offered in its IPO was set at €32.50 per share, valuing the business at €6.5 billion.

A total of 44.5 million existing DWS shares were placed with new investors, representing a total placement volume of approximately €1.4 billion, including 4.5 million shares to cover overallotments. Investors other than Deutsche Bank will end up owning 22.25% of DWS assuming the greenshoe option is fully exercised.

Deutsche Bank had originally targeted an IPO price range of €30 to €36 apiece and planned to list 25% of DWS' existing shares for an expected €1.5 billion to €2 billion.

Japan-based Nippon Life Insurance Co. committed to take a 5% stake in DWS through the IPO at the issue price, while French asset manager Tikehau Capital Partners pledged to spend €250 million on a stake.

DWS' shares are due to begin trading on the Frankfurt Stock Exchange on March 23.