JPMorgan’s One Equity Is Said to Favor $1.4 Billion IPO of Austria Metall

Bloomberg reports that this year, Austria Metall GmbH is considering an initial public offering and listing on the Vienna Stock Exchange.

The market news is quoted as saying:

BNP Paribas SA and JPMorgan Chase & Co. (JPM) are acting as joint global coordinators and bookrunners, the Ranshofen, Austria-based company said in an e-mailed statement today. The IPO may begin as soon as April and value the company from 800 million euros ($1.1 billion) to 1 billion euros, according to four people with knowledge of the matter, who declined to be identified because the plan isn’t public.

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