AIB IPO covered, valuation could be €13.3bn
![AIB_2_PA_230x150](https://assets.euromoneydigital.com/dims4/default/7adfa55/2147483647/strip/true/crop/230x150+0+0/resize/840x548!/quality/90/?url=http%3A%2F%2Feuromoney-brightspot.s3.amazonaws.com%2F3f%2F39%2Fb5c6e2e023ad2f65950c2a4e2fce%2Faib-2-pa-230x150.jpg)
The €3bn IPO of Allied Irish Banks, the Irish banking group, was covered at its maximum size including the greenshoe by the end of the first day of the bookbuild on Tuesday. The deal could value the rescued financial institution at up to €13.3bn if it is priced at the top of its range.
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