Ardagh Group (ARD) IPO Opens Up 16%

Today's IPO for Ardagh Group (NYSE: ARD) opened for trading at $21.95 after pricing 16,200,000 Class A common shares at a price of US$19.00 per share.

Citigroup, Deutsche Bank Securities, Goldman Sachs & Co, Barclays, Credit Suisse and J.P. Morgan are acting as joint book-running managers for the offering. Davy and Wells Fargo Securities are acting as co-managers for the offering.

Ardagh Group is a global leader in metal and glass packaging solutions, producing packaging for the world's leading food, beverage and consumer brands. It operates 109 facilities in 22 countries, employing approximately 23,500 people and has global sales of approximately €7.7 billion.

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