FINMECCANICA SpA’s initial public offering of the Ansaldo STS SpA business was fully exercised in March, with the sale of 60 million shares at €7·80 each.

Trading on the Milano exchange began on March 29. The IPO comprised 52·17 million shares, representing a 52·17% stake in the rail unit, plus a further tranche issued in response to high demand which brought the total to 60 million.