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Adevinta shares jump after Norway's most valuable IPO in 13 years

Published 10/04/2019, 05:05 pm
Updated 10/04/2019, 05:10 pm
© Reuters.  Adevinta shares jump after Norway's most valuable IPO in 13 years
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OSLO, April 10 (Reuters) - Adevinta's ADEA.OL ADEB.OL shares jumped on Wednesday as the online advertising group made its market debut in Oslo, a day after completing Norway's most valuable initial public offering in 13 years.

The fast-growing classified ads company was spun off from media firm Schibsted SBSTA.OL late on Tuesday, selling so-called class B shares at 78 Norwegian crowns each. B shares traded at 83.6 crowns shortly after opening on the Oslo Bourse on Wednesday, an increase of 7.2 percent from the IPO.

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