Analysts value Amundi at US$9b before IPO


LONDON: Analysts at banks managing Amundi Group’s initial public offering (IPO) estimate Europe’s largest fund manager should be valued at about 8 billion euros (US$9bil), three people with knowledge of the matter said.

Amundi, which is currently owned by Credit Agricole SA and Societe Generale SA, filed its IPO registration with France’s market regulator, the first step to its listing, the Paris-based company said in a statement yesterday.

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Business , Amundi , banks , IPO

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