Athens Airport Stock Rises in Debut on Greek Stock Exchange
- Greek state has sold its 30% stake in 23-year-old airport
- IPO seen as latest sign of a recovery in Greece’s economy
Athens International Airport.
Photographer: Yorgos Karahalis/BloombergThis article is for subscribers only.
Shares of Athens International Airport SA jumped 15% at the start of trading on the Athens Stock Exchange, in the country’s biggest initial public offering in more than two decades.
The stock opened at €9.40 a share, compared with the IPO price of €8.20, the high end of the initial range, and later pared gains slightly to trade up 12% at 4:20 p.m. in Athens. The move came as the benchmark ASE Index slipped 0.9% after touching its highest intraday level since May 2011.