A Trio of Stock Trading Debuts in Europe Lift Market Gloom

Athens Airport jumps in trading debut, Renk also soars
This week is busiest for European listings since July

Shares of Athens International Airport SA jumped 15% at the start of trading in the Greek capital, in the country’s biggest IPO in more than two decades, before paring gains to about 12% later in the afternoon. — Shares of Athens International Airport SA jumped 15% at the start of trading in the Greek capital, in the country’s biggest IPO in more than two decades, before paring gains to about 12% later in the afternoon.
Photographer: Yorgos Karahalis/Bloomberg

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By Swetha Gopinath and Alexandra Muller

February 7, 2024 at 4:34 PM UTC

This article is for subscribers only.

The first batch of European listings this year got off to a flying start, eliciting expectations of a wider rebound in activity for a market that has been struggling to overcome a near two-year slump.

Shares of Athens International Airport SA jumped 15% at the start of trading in the Greek capital, in the country’s biggest IPO in more than two decades, before paring gains to about 12% later in the afternoon. German industrial machinery maker Renk AG opened 17% higher in Frankfurt after postponing its IPO last year amid market volatility, extending its climb later in the session to as much as 31%.