Danish renewable energy group Dong Energy AS on Thursday completed its long-awaited initial public offering, with shares rallying almost 10% in the first 30 minutes of trading. The stock rose to 258 Danish kroner, up 9.8% from its IPO price of 235 kroner. The IPO price values the company at $15 billion, setting it on course for being one of the biggest European stock-market listings of the year. The indicative price range for the IPO had been set at 200 kroner to 255 kroner a share.
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