Spain's Applus debuts on stock exchange up 3.45 euros

MADRID Fri May 9, 2014 6:05am EDT

MADRID May 9 (Reuters) - Shares in Spanish testing and inspection services company Applus rose 3.45 percent to 15 euros ($20.79) after making their debut on the Madrid stock exchange on Friday.

The company had set the reference price for its initial public offering at 14.5 euros per share. The market valuation of Applus, owned by U.S. private equity firm Carlyle CG.O, was 1.9 billion euros based on that price. ($1 = 0.7214 Euros) (Reporting by Paul Day; Editing by Julien Toyer)

A couple walks along the rough surf during sunset at Oahu's North Shore, December 26, 2013. REUTERS/Kevin Lamarque

Find your dream retirement town

Florida? Hawaii? Reuters has teamed up with Zillow to give you the power to customize a list of your best places to retire.  Video | Full Article