Schaeffler debuts on stock market following delays
Family-owned car parts company Schaeffler saw its shares rise 8% on its market debut on Friday.
The German family business delayed the IPO one week due to the emissions scandal at Volkswagen, which accounts for more than 10% of group sales.
The company had also scaled back the size of the IPO, raising €938 million in the listing where it had initially planned to raise €2.5 billion.