Allied Irish Banks Valued at $13.3 Billion in I.P.O.<br />By CHAD BRAYJUNE 23, 2017<br />LONDON — Nearly seven years after its collapse almost brought down Ireland’s banking system<br />and forced the government to bail it out, one of the country’s biggest lenders returned to the public markets on Friday with a healthy valuation of $13.3 billion.<br />The offering of a 25 percent stake in the lender, Allied Irish Banks, is an important milestone<br />in the recovery of Irish banks, which nearly bankrupted the country after the financial crisis.<br />The Irish government injected 21 billion euros, or about $23.4 billion at current exchange rates, into Allied Irish, in 2009 and 2010.<br />The offering of 679 million shares of Allied Irish Banks priced each at €4.40, the midpoint of its expected range, the government said.
