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AZ Electronic Materials' Shares Soar on London Debut

6:04 AM MDT | October 29, 2010 | Ian Young

Shares in AZ Electronic Materials (Luxembourg) surged following their debut on the London Stock Exchange today. The launch follows a previously annouced initial public offering (IPO). AZ shares started trading at the offer price of £2.40/share, in the middle of the range that was originally announced, and rose to £2.60/share this morning in early "conditional" trading. "Unconditional" trading in AZ shares is due to begin officially on November 3. The IPO raised £383 million ($600 million), about 50% more than originally...

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