December 16, 2013 / 11:26 AM / 4 years ago

Moncler shares close up 47 percent after first day of trading

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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