German defence contractor Renk and Greece's Athens International Airport (AIA) soared in their market debuts on Wednesday, in a boost for Europe's bruised IPO market. AIA initially jumped by as much as 15% and closed at 9.16 euros per share, 12% above its IPO price. The success of Europe's first major initial public offerings this year is seen as a good omen by bankers, who are hoping for a busier 2024 after seeing volumes plummet in the last two years.
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