Val Saint-Lambert shares up 82% since IPO

Shares in Belgian crystal maker Val Saint-Lambert have gone up 82% to EUR 10.34 (USD 12.47) each since the firm“s initial public offering (IPO) in December 2005, it was reported on 11 January 2006.

Shares in Belgian crystal maker Val Saint-Lambert have gone up 82% to EUR 10.34 (USD 12.47) each since the firm“s initial public offering (IPO) in December 2005, it was reported on 11 January 2006. From the start, demand for the stock was higher than what was offered, company CEO Sylvie Henquin was quoted as saying. Henquin had no explanation for the boom in Val Saint-Lambert“s share price. Investors must really believe in the Val Saint-Lambert project and brand, she said. Val Saint-Lambert listed on the Vrije Markt/Marche Libre small-cap segment of Euronext Brussels on 14 December 2005.