Shares in French water and waste company Suez Environnement (SEV.FR) Tuesday opened 21% above its initial public offering reference price after having been briefly suspended earlier in the day.
The stock started trading at EUR17, against an IPO reference share price of EUR14, at 0701 GMT after being suspended limit up.
Suez Environnement's announcement at a press conference that shares were suspended limit up triggered a round of applause.
Suez Environnement is a spin off resulting from the merger between the utilities Suez (SZE.FR) and Gaz de France (1020848.FR).