Austrian construction company Strabag started trading on Friday on the Vienna stock exchange at EUR 50 per share. On Thursday, the company set the final price of its initial public offering (IPO) at EUR 47, the top end of the EUR 42-48 price range announced last week. The Austrian builder will raise about EUR 893 mln through the share listing. The IPO was ten times oversubscribed, Strabag said in a statement.
As Ares completed a €325 mln French logistics acquisition from Blackstone, another French portfolio came onto the market.
