Ardagh Group stock trading above issue price in market debut

Shares of Ardagh Group S.A. were trading at $22.16 Wednesday morning, above the company’s $19 issue price, in the stock’s debut on the New York Stock Exchange. The Luxembourg-based food and beverage packing maker sold 16.2 million shares at $19 each to raise $307.8 million. The company had set a price range of $17 to $20 per share. Citigroup, Deutsche Bank Securities and Goldman, Sachs & Co were the lead underwriters on the offering.

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From:: Stock Market News

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