Klingelnberg trades softly despite big book of demand

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Klingelnberg trades softly despite big book of demand

Klingelnberg PA 230x150
Six silver gears in a row on the same colored background | usage worldwide | Klaus Ohlenschläger/DPA/PA Images

Swiss gear engineering company Klingelnberg traded softly in the aftermarket on Wednesday, despite a heavily oversubscribed IPO in which a third of the investors in the book received zero allocations.

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