SNS REAAL issued over 69 million shares priced at EUR 17, representing a total value of EUR 1.2 billion. Over 20% of the offered shares have been sold to retail investors. Based on the opening price of EUR 17.04, the market capitalisation of SNS REAAL is close to EUR 4 billion.
Euronext.liffe will launch American-style options on SNS REAAL on 7 June 2006.
Ticker code: SR
ISIN: NL0000390706
SNS REAAL is a Dutch financial services provider that focuses on the retail market and small and medium-sized businesses (collectively referred to as the retail-plus market). It concentrates on three key product areas: mortgages, insurance, and savings and investments. The group had more than EUR 68 billion in total assets at the end of 2005 and net profit for the year came to EUR 323 million.