If the IPO raises EUR 2 billion, it will be the largest in Europe this year, beating Luxembourg-based cable provider Altice SA's sale that raised $2 billion, according to data compiled by Bloomberg.
ING was ordered to sell Nationale Nederlanden by the European Commission in return for receiving a EUR 10 bn rescue pacakge from the state at the height of the financial crisis.
The IPO will not be a walk in the park for ING, as IPO activity is on the rise.
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ING's IPO may become the largest in Europe this year, raising EUR 2 bn