IPO of AMAG in April

Businessn.a. ♦ Published: March 25, 2011; 04:15 ♦ (Vindobona)

The aluminum company Austria Metall AG is the first company going public in Vienna since 2007. The free float will amount to 55%.

IPO of AMAG in April / Picture: © AMAG

The first IPO in Vienna for over three years is expected to achieve proceeds of over € 100m. The last initial public offering came about through the construction group Strabag. AMAG issues new shares on one hand and on the other sells shares from the previous shareholder Constantia Packaging. The price range for the shares is expected to reach between 19 and 24 euro.

On 8 April…