Morning to our viewers in europe, good evening to those in asia and a warm welcome to those just waking up the in the United States. Im guy johnson. Im francine lacqua. This is the pulse. Live from European Headquarters in london. Moncler shares surging in the public debut, large is offering for an Italian Company since 2010. European Business Correspondent caroline hite joins us with the latest. It seems investors rushed to get hands their hands on the stocks. Surged over 40 in the open. Demand. Ng they raised about three quarters of a billion dollars but orders were put in in excess of 20 billion 20 billion euros, and that was just institutional. Retailers also want a chunk of the company. Up goes the market valuation. It now worth 3. 5 billion euros. Shares priced at the top of the range. It made a new billionaire out of chairman remo ruffini who keeps a 27. 5 stake. This time it was the private equity holders cashing in. The likes of carlyle group. It looks like they could have cat
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