Investors gobble up Vapiano shares on debut

By John Loh
27 Jun 2017

Vapiano, the Italian restaurant chain, rose by 4% on its debut in Frankfurt on Tuesday, as investors bought shares in secondary after half the book was zeroed.

The IPO raised €184m, including €85m of new equity and the greenshoe. Global co-ordinators Barclays, Berenberg and Jefferies priced the float on Monday at €23 a share. UniCredit was a bookrunner and Lazard financial adviser.

The shares opened at €23.95, traded as high as €24 and closed at €23.88, ...

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