Italy's doBank IPO oversubscribed - sources

Eurocastle Investment

07/07/2017 09:58

MILAN, July 7 (Reuters) - Demand for the initial public 
offering (IPO) of Italian bad loan manager doBank exceeded the 
amount on offer, two sources said on Friday, a sign of investor 
appetite for financial stocks. 
    One of the sources told Reuters the offer had been covered 
"more than twice".  
    A separate source said books for doBank had been covered for 
"about one and a half times". 
    The group said earlier on Friday it expected to close the 
IPO ahead of time on July 12 rather than July 17. 
    Trading on the Milan stock exchange is expected to start on 
July 14.  urn:newsml:reuters.com:*:nI6N1JJ01H 
     
 
 (Reporting by Eliza Anzolin, writing by Giulia Segreti) 
 ((Giulia.Segreti@tr.com; +39.02.66129416; Reuters Messaging: 
giulia.segreti.thomsonreuters.com@reuters.net)) 
 
Keywords: DOBANK IPO/