2-20-18 10:41 AM EST | Email Article
   By Matthias Goldschmidt and Max Bernhard 

Deutsche Bank (DBK.XE) plans to launch the initial public offering of its asset-management unit, DWS, on Monday next week, according to a person familiar with the matter.

The German bank could list the unit as early as the week of March 19 and offer around 25% of DWS's existing shares, according to the person.

Reuters reported the news first.

Deutsche Bank expects the listing to generate between around 1.5 billion and 2 billion euros (between $1.86 billion and $2.48 billion), the person said.

The issuance of new shares isn't planned.


Write to Matthias Goldschmidt at matthias.goldschmidt@wsj.com and Max Bernhard at @dowjones.com


(END) Dow Jones Newswires

February 20, 2018 10:41 ET (15:41 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.
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