German racing car maker HWA debuts at full speed

Newswire

FRANKFURT, April 19 (Reuters) - German racing car maker HWA powered ahead in its market debut on Frankfurt's stock exchange on Thursday as its shares surged almost 10 percent above the opening price.

HWA shares started trading at 25.13 euros and rose to 27.50 euros by 1125 GMT.

HWA, which is the spin-off of Mercedes-AMG's racing division, sold 5.115 million shares from existing shareholders, mainly founder Hans Werner Aufrecht, after whom the company is named. No new ...

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