It's first day pop was bigger than Alibaba's, Facebook's and Google's, but smaller than Linked In's, Twitter's and Yelp's -- It opened at , up 7.00 or 41.2% at AM.
AIB is eyeing a return to private ownership within two years, according to its chief executive.
Bernard Byrne, who took charge of the country's largest bank two years ago, says there is a two- to three-year window to capitalise on the success of last June's partial IPO which saw the Government sell a 28.8pc stake to investors for €3.4bn.
"State ownership isn't necessarily the right ownership model when businesses have to start to think about the next thing," he said ahead of a major sustainability conference hosted by AIB.
"The future of the bank is making sure that we have a proper social licence to operate." When Paschal Donohoe announced on Budget day that he intended to raise the rate of stamp duty on commercial real estate transactions from 2pc to 6pc, he sought to justify the decision by arguing that the property industry had recovered to the point where it no...
The former will include financial adviser network Intrinsic, which will be rebranded as Quilter Financial Planning; the multi-asset business, which will become Quilter Investors; and investment manager Quilter Cheviot, which will retain its name.
Wealth Platforms will include the UK platform, which will become 'Quilter Wealth Solutions', and Old Mutual Wealth's international business, which will become 'Quilter International'.So there's an opportunity in the shorter term rather than in the longer term to continue to run on it." AIB is under pressure from the European Central Bank to reduce its exposure to non-performing loans (NPLs).The bank wants to cut its NPL levels to 5pc by 2019 and recently entered a deal with the Irish Mortgage Holders Organisation.The €100m deal will help keep people who have fallen into mortgage arrears - and who qualify for social housing - in their own homes.But Byrne warned that the cost of mortgage credit will rise further for borrowers unless lenders are able to realise their security, including repossession of homes.FTSE 100 listed Old Mutual first announced plans to break up its vast, sprawling financial services business into four parts in 2016 as it had become too complex to run efficiently given the increased regulatory pressures.