The management of Attica Department Stores just announced the opening of the trading session on Euronext Athens by ringing the traditional “bell,” marking the stock’s independent listing on the exchange.
The stock is trading under the ticker symbol ADPS and is off to a strong start, with early bids pushing the price up as much as 1.16% to 3.237 euros.
According to Lambros Papakonstantinou, head of Ideal Holdings, this is the first time a company has been listed through a share offering (i.e., a minority portion of its share capital), a development that may foreshadow similar moves by other companies.