HBX said the value of stock sold on the Madrid stock exchange was up to €860mn depending on the exercise of an overallotment option. The offering was priced in the middle of the marketed range at €11.50, but shares were trading down 9.9 per cent at €10.36 at lunchtime, having dropped as much as 11 per cent in mid-morning trading.

Spanish travel technology firm HBX Group International Plc’s shares slid in their Thursday debut, marking a rocky start of trading for Europe’s biggest initial public offering so far this year.

Shares of Spanish travel technology company HBX Group fell slightly in their market debut, trading at €11.40 after being priced at €11.50 in its initial public offering (IPO).

JX Advanced Metals (JXAM), a wholly owned metals unit of Japan's Eneos Holdings , won approval to list its shares in a $3 billion share offering, a regulatory filing showed on Friday, in what would be the nation's biggest IPO in seven years.

The energy company plans to spin off its metals subsidiary and raise as much as $3 billion through a listing that would be one of Japan’s biggest such offerings in recent years.

Eneos Holdings, a Japanese energy company, announced on Friday its plans to spin off its metals subsidiary, JX Advanced Metals, and raise up to $3 billion through a listing.

An initial public offering from a key global supplier of semiconductor materials is seeking to raise about ¥460 billion ($3 billion) in what would be Japan’s biggest such deal since 2018.

JX Advanced Metals (JXAM), a metals unit fully owned by Japan's Eneos Holdings, has received approval to list its shares in a $3 billion share offering, according to a regulatory filing last Friday.