National Australia Bank (NAB) shares fell 5.7% after the lender priced
shares of its Clydesdale Bank at 180p, which was at the low end of
estimates.
The price values the UK bank at about £1.5bn ($2.2bn).
The lender had delayed the listing by 24 hours to update its prospectus after a request from a ratings agency.
Shares in Glasgow-based Clydesdale, which has been owned by NAB since 1987, will begin trading in London later on Wednesday.
