Austrian post float prices at top of the range

Shares in the initial public offering of Österreichische Post, the state-owned Austrian postal service, soared 10% during their first day of trade after being priced at the top of their range in spite of the recent downturn in stock markets.

Shares were priced Tuesday at €19, at the top of the €17 to €19 indicative price range. The offer, which was led by Erste Bank, Goldman Sachs and Raiffeisen Centrobank, was seven times oversubscribed according to banking sources.

WSJ Logo
How Trump Got His ‘Big, Beautiful Bill’ Across the Finish LineExternal link

How Trump Got His ‘Big, Beautiful Bill’ Across the Finish Line