October 10, 2018 / 8:13 PM / 2 months ago

Knorr-Bremse sets IPO price at 80 euros per share

FRANKFURT, Oct 10 (Reuters) - German brake systems maker Knorr-Bremse on Wednesday set the final offer price for shares in its initial public offering at 80.00 euros per share.

Knorr-Bremse said the total offer volume amounted to around 3.9 billion euros ($4.49 billion), making for a total market capitalisation of 12.9 billion euros. ($1 = 0.8680 euros) (Reporting by Tom Sims; Editing by Kevin Liffey)

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