Moncler shares close up 47 percent after first day of trading

MILAN Mon Dec 16, 2013 11:45am EST

Models present creations by Italian designer Giambattista Valli as part of his Spring/Summer 2014 women's ready-to-wear collection for fashion house Moncler Gamme Rouge during Paris Fashion Week October 2, 2013. REUTERS/Gonzalo Fuentes

Models present creations by Italian designer Giambattista Valli as part of his Spring/Summer 2014 women's ready-to-wear collection for fashion house Moncler Gamme Rouge during Paris Fashion Week October 2, 2013.

Credit: Reuters/Gonzalo Fuentes

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MILAN (Reuters) - Shares in luxury jacket maker Moncler (MONC.MI) closed up 47 percent on their first day of trading on Milan's bourse after attracting strong demand from investors who failed to buy into the shares when they were first issued.

Around 80 percent of investors who placed orders for the listing, which closed on December 11, received no shares, two people familiar with the matter said.

(Reporting by Isla Binnie; editing by Agnieszka Flak)

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