July 13, 2018 / 2:08 AM / 4 months ago

Viva Energy shares debut in Australia below issue price

MELBOURNE, July 13 (Reuters) - Shares in oil refiner and marketer Viva Energy debuted on Friday at a 3 percent discount to their issue price in Australia’s biggest initial public offering in nearly four years.

The stock opened at A$2.43, below the issue price of A$2.50 after its owners, led by global energy trader Vitol, raised A$2.65 billion ($1.96 billion) selling 55 percent of the company. (Reporting by Sonali Paul; editing by Richard Pullin)

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