Shares in Italian high-tech group SECO dip in market debut

By Reuters7 days ago

MILAN, May 5 (Reuters) - Shares in Italian high-tech group SECO fell slightly on their market debut on the Milan Stock Exchange on Wednesday, a day after tech stocks in Europe recorded their worst day since late-October after trading near record highs.

The stock was down 0.8% at 0708 GMT from the 3.7 euros pricing at the start of trading which gave it a market capitalization of around 397 million euros ($475.88 million).

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SECO said that the company's initial public offering drew more than 400 million euros in bids, almost three times the shares available.

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