Balyo: shares soar 25 percent in Paris stock market debut.
(CercleFinance.com) - Balyo's shares have soared over 25% on their first day of trading as investors rushed to take stakes in the maker of automated handling trucks.
The stock was trading at 5.17 euros on Euronext Paris on Friday afternoon, well above the initial public offering price of 4.11 euros per share, giving the company a market capitalisation of 136 million euros.
At one point the stock hit a peak of 6.11 euros.
Balyo has signed two strategic partnerships with German forklift truck maker Kion and US lift truck manufacturer Hyster-Yale.
Balyo is present in three key geographical areas - America, Europe and Asia-Pacific - and reported 2016 sales of 5.2 million euros. In 2017, Balyo aims to increase its turnover by over 15 million euros.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
The stock was trading at 5.17 euros on Euronext Paris on Friday afternoon, well above the initial public offering price of 4.11 euros per share, giving the company a market capitalisation of 136 million euros.
At one point the stock hit a peak of 6.11 euros.
Balyo has signed two strategic partnerships with German forklift truck maker Kion and US lift truck manufacturer Hyster-Yale.
Balyo is present in three key geographical areas - America, Europe and Asia-Pacific - and reported 2016 sales of 5.2 million euros. In 2017, Balyo aims to increase its turnover by over 15 million euros.
Copyright (c) 2017 CercleFinance.com. All rights reserved.