Linea Directa: Shines in market debut

Linea Directa Aseguradora SA Compania de Seguros y Reaseguros

29/04/2021 08:31

** Spain's Linea Directa (LDA)  LDA.MC  jumps nearly 30% on
its debut on the Madrid stock market on Thursday
    ** Former Bankinter  BKT.MC  insurance unit opens at 1.65
euros per share, 25.2% higher than the 1.3175 euros per share
IPO rice 
    ** The flotation of LDA valued the company at about 1.43
billion euros  urn:newsml:reuters.com:*:nL8N2M85CF
    ** Linea Directa's listing is the first one on the Madrid
stock exchange in 2021 out of around half a dozen expected, with
renewable energy firm Ecoener following just a day after
 urn:newsml:reuters.com:*:nL8N2LF326
    ** The company will be trading for one day on Spain's
blue-chip index Ibex 35 and then move to Madrid General Index
 .SMSI  effective April 30  urn:newsml:reuters.com:*:nFWN2MC0W8
    ** The stock jumped 29% to 1.7 euros at 0730 GMT
    

 (Aida.Pelaez-Fernandez@thomsonreuters.com;)