March 21, 2018 / 7:59 AM / 4 months ago

Deutsche Bank narrows price range of DWS IPO, valuing unit up to 6.6 bln euros

FRANKFURT, March 21 (Reuters) - Deutsche Bank narrowed the price range of the initial public offering of its asset management unit, DWS, valuing it at as much as 6.6 billion euros ($8.10 billion), a bookrunner said on Wednesday.

The new price range is between 32 and 33 euros per share, compared with an initial price range of 30 to 36 euros per share that would have valued DWS at as much as 7.2 billion euros.

Reporting by Tom Sims Editing by Ludwig Burger

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