Vueling Airlines completes Eu191 million IPO

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01 December 2006

Vueling Airlines, the Spanish low-cost carrier, has completed a Eu191 million ($253 million) initial public offering. Goldman Sachs, Morgan Stanley and JP Morgan Chase are managing the offering. The company's shares rose as much as 16% in their trading debut. The stock gained as much as Eu4.90 to Eu34.90 and traded at Eu33.70.

Barcelona-based Vueling and its owners sold new and existing stock representing a 43% stake...

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