Deutsche Bank to Next Week Launch IPO for DWS Division -Reuters

02/20/18 08:10 AM EST

--Deutsche Bank (DBK.XE) will launch DWS's initial public offering Monday, with a likely listing on the Frankfurt stock exchange during the week of March 19, Reuters reports, citing unnamed sources.

--The German bank won't sell any new shares of DWS, but it will offer 25% of the asset management division's existing shares for between 1.5 billion euros and 2 billion euros ($1.85 billion and $2.47 billion), the sources said, according to Reuters.


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(END) Dow Jones Newswires

February 20, 2018 08:10 ET (13:10 GMT)

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