aib sale11 Jun 2017 01:26
.. it appears there is worry about the aib sale.. the shorting..... looks like blackrock does not fit the definition of a high quality investor..
The State plans to sell 25 per cent of AIB initially but will be looking to offload the remainder of its 99.9 per cent stake over time.
So it’s important to attract a high-quality, and supportive, shareholder register that won’t have significant churn.
When pricing the IPO, the department will want to attract the widest investor audience for the bookbuild while creating momentum that could allow it to demand a price close to the top of the range.