Yahoo Finance ABN Amro Returns To Amsterdam Stock Market
The largest flotation of a European bank since the financial crisis has taken place, as the Dutch taxpayer aims to recoup some of the estimated €32bn spent on the bailout of ABN Amro.
The first sale of stock by the Dutch government raised €3.3bn - with 188 million shares sold - valuing the bank at almost €17bn (£11.8bn).
It means a fifth of the bank is now back in private hands and further sales are set to be completed in the coming months.
The stock started trading above its listing price at €18-per share in conditional dealing.
The Bank's name is familiar in Britain because the purchase of ABN in 2007 proved disastrous for Royal Bank of Scotland - ultimately sealing its own need for a bailout the following year.
The Dutch government intervened to save ABN's operations in the Netherlands in 2008 - merging it back into ABN Amro Bank.
Today it is the country's third-largest bank.
Its shares are trading on Euronext Amsterdam - with unconditional trading due to begin on Tuesday.
