National Australia Bank ( NAB ) shares fell 25% after the bank priced shares of its Clydesdale Bank at 180p , thereby valuing it at £ 1.58bn , which was at the low end of estimates. He said: "Our main ambition is to set up a strategy where our customers see us as amongst the best service providers in the banking sector in this country, and to be able to do so both on the ground and digitally. The bank is hoping now to make up to £396m in gross proceeds from the IPO of its New Zealand and Yorkshire Bank businesses. The IPO is a milestone in National Australia Bank 's efforts to exit struggling overseas businesses in order to focus more on its core European and New Zealand franchises.
National Australia Bank ( NAB ) shares fell 25% after the bank priced shares of its Clydesdale Bank at 180p , thereby valuing it at £ 1.58bn , which was at the low end of estimates. The bank is hoping now to make up to £396m in gross proceeds from the IPO of its New Zealand and Yorkshire Bank businesses. The IPO is a milestone in National Australia Bank 's efforts to exit struggling overseas businesses in order to focus more on its core European and New Zealand franchises.