[Excerpt] Italian rocket maker Avio experienced a volatile market debut as shares in Europe’s first publicly-quoted space launch company rose sharply, fell back to earth and finally ended 6.6 per cent higher.
Giulio Ranzo, chief executive, said the company with a market cap of €319m would use the roughly €65m net proceeds from the flotation to invest in new technologies and products required to take advantage of a rapidly expanding space launch market.
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