(ANSA) - Milan, November 23 - The Gambero Rosso culinary
publishing group's debut on the Milan stock exchange got off to
an "indigestible" start Monday as its share prices dived by
11.88% to 1.41 euro on the Aim, the stock market for small and
medium businesses with high growth potential.
Gambero Rosso raised as much as 7.1 million euros from the
flotation, selling shares at 1.6 euro each to investors, savers
and its own employees.
The group publishes a popular monthly magazine as well
several prestigious guides, runs four Citta' del Gusto (City of
Taste) complexes in different parts of Italy and broadcasts a
food-and-wine TV digital channel.
Gambero Rosso's bourse flotation flops
Good food guide shares dive by 11.88%