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Shares in medical vials manufacturer Schott Pharma rose 11% on their trading debut on Thursday in Germany's largest initial public offering (IPO) so far this year. Shares in the company were changing hands at around 30 euros ($31.6) in morning trading in Frankfurt, up from the 27 euros paid by investors in the IPO, adding to signs that Europe's IPO market is picking up. Schott Pharma, a unit of Schott AG, has said the IPO, which counts Qatar Investment Authority (QIA) as a cornerstone investor, could raise up to 935 million euros ($982.50 million).
By Emma-Victoria Farr and Pablo Mayo Cerqueiro FRANKFURT/LONDON (Reuters) -Shares in medical vials manufacturer Schott Pharma rose 16% in their trading .