Shares in P&T Technology, an energy technology company which has launched its IPO on Germany's Neuer Markt, defied the flailing European new issue market and posted a healthy early trading performance.
Shares in P&T Technology, which specialises in wind energy and water treatments, hit a high for the morning on the Frankfurt high growth market of €22.54 ($19.21), a first-day premium of nearly 20% on the €19 issue price.