Aumann jumps 19% on debut after €218m IPO finds good demand

Aidan Gregory

March 24, 2017 04:00 pm

Aumann_electric_car_PA_230x150 — 'I drive with electricity' can be read on an electric-powered Opel Ampera being charged at a EnviaM charging station in Halle, Germany, 27 April 2016. Buyers of electric cars are to receive a subsidy of up to 4,000 euros in May. The purchase subsidy will amount to 4,000 euros for purely electric cars and 3,000 euros for hybrids with a chargeable battery plus combustion engine. The base model may not exceed 60,000 euros as per the list price. Photo: JAN WOITAS/dpa | Jan Woitas/DPA/PA Images

Shares in Aumann, the German maker of wire enamelling and electric motors for cars, rose 20% above its IPO price on Friday after making its debut on the Frankfurt Stock Exchange, giving it a market cap of €704m.

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Equity IPOs Germany Equity Europe EMEA

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Aidan Gregory