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By Pablo Mayo Cerqueiro and Emma-Victoria Farr
LONDON/FRANKFURT (Reuters) – German defence contractor Renk and Greece’s Athens International Airport (AIA) soared in their market debuts on Wednesday, in a boost for Europe’s bruised IPO market.
Shares in Renk, a producer of tank gearboxes, closed at 19.65 euros Wednesday afternoon, 31% higher than the price paid by investors in a private placement ahead of the listing.
AIA initially jumped by as much as 15% and closed at 9.16 euros per share, 12% above its IPO price.
The success of Europe’s first…
