RWE unit Innogy has started trading on the Frankfurt Stock Exchange today following its €5bn IPO.
The renewables, grid and retail business placed its shares for €36 each at the top end of the price range, it said.
The stock price was hovering around the issue price this morning after starting to trade at €37.30. It was at €36.12 by 10.30am CET.
RWE, now focused on power generation and energy trading, still holds a 75% stake in Innogy.
Image: RWE
