Triton Partners’ freshly listed portfolio company Renk Group has buoyed private equity firms’ hopes that the IPO market is reopening, after its share price closed at €19.65 on its first day of trading on Wednesday – up 31 percent from its listing price of €15.
Renk, a manufacturer of drive products for military and civil customers, had already upped its placement on the Frankfurt Stock Exchange to 33 million shares from an original target of 30 million.
