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First Neuer Markt IPO of 2001 soars 37% on first morning

The first Neuer Markt initial public offering of the year, Dr. Hoenle, opened trading on Wednesday at €16.5 ($15.37) - a 37% increase on its issue price of €12.

Later on Wednesday morning the Hoenle shares were trading at €16.25, giving it a market capitalisation of €85.15m.

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