Germany's Twintec IPO prices at 11 euros a share

Newswire

FRANKFURT, March 20 (Reuters) - The initial public offering of Germany's Twintec , a maker of equipment to reduce pollution from car exhaust fumes, priced at 11 euros per share, the upper end of the bookbuilding range, on Tuesday.

The offering of almost 2.3 million shares will raise 25 million euros ($33.21 million), of which Twintec will receive 16.5 million euros, the company said in a statement.

The IPO was many times oversubscribed, said Twintec, which had earlier ...

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