Barclays PLC, the U.K.'s fourth-biggest bank, said existing shareholders bought £753 million (about $1.5 billion), or 17 percent, of the shares on sale in its £4.5 billion stock offer.
Sumitomo Mitsui Financial Group Inc., Japan's third-largest bank, bought £500 million in shares and the rest will go to investors, including Qatar Investment Authority, the London-based bank said in a statement Friday.
Sumitomo bought 169 million shares at 296 pence apiece, while sovereign funds and other backers pledged to buy stock that existing shareholders didn't want.
With your current subscription plan you can comment on stories. However, before writing your first comment, please create a display name in the Profile section of your subscriber account page.