Deutsche Bank to refrain from selling DWS shares for six months after IPO

Deutsche Bank has agreed not to sell any additional shares in asset management unit DWS for six months after the planned initial public offering on March 23, DWS said in the prospectus for the deal published on Tuesday. Deutsche Bank set the price range for the planned IPO of DWS at 30 to 36 euros a share on Sunday, valuing the division at up to 7.2 billion euros.

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