Kongsberg Automotive makes debut above IPO price

Newswire

OSLO, June 24 (Reuters) - Norwegian auto parts maker Kongsberg Automotive made its debut at 47.5 Norwegian crowns ($7.36) per share on Friday, up from an oversubscribed initial public offering at 46.0 crowns. At the IPO price, Kongsberg Automotive had a market capitalisation of 2.04 billion crowns ($316 million). The company is the 17th new listing on the Oslo Stock Exchange in 2005. Kongsberg Automotive's initial public offering was five times oversubscribed and had an indicative price ...

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