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Allied Irish Banks again tightened guidance on its London and Dublin IPO this evening, moving the lower and upper limits to EUR 4.30 to EUR 4.50 a share.
The move comes a day after leads Bank of America Merrill Lynch, Davy and Deutsche Bank narrowed the marketing range to EUR 4.20 to EUR 4.60 from EUR 3.90 to EUR 4.90 at the start of bookbuilding on June 13.
An update to investors on Wednesday said books were covered throughout the new range. The retail offer is closed and 10% of the base deal is expected to be allocated to retail investors. The institutional bookbuild will close at noon on Thursday.
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