Deutsche Bank's asset management arm expects to raise $1.7b from IPO

Deutsche Bank's asset management arm expects to raise $1.7b from IPO

A logo sits on display in front of the Deutsche Bank AG headquarters at dawn in Frankfurt, Germany. Photographer: Ralph Orlowski/Bloomberg

Deutsche Bank‘s asset management arm DWS set the price for its initial public offering on Thursday at a level which is expected to generate proceeds of about 1.4 billion euros ($1.7 billion) for Germany’s largest bank.

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