AIB IPO – Initiate at Outperform after positive first day of trading
- AIB IPO took place on Friday of last week with share price moving 5.5% higher at $4.65.
- We are positive on the underlying fundamentals of the group with most key metrics trending in the right direction.
- We believe there is likely to be a good income story into the future as NPLs continue to reduce allowing a sustainable increase in dividend pay-out ratio.
Source : Cantor Fitzgerald Monday 26th June 2017