Europe’s biggest IPO this year just started trading —Italy’s Nexi is a rare $6.4 billion bright spot amid regional slump

Shares in Nexi, Italy’s biggest payment-services group, began trading on Tuesday. Nexi raised just over €2 billion euros ($2.3 billion) and secured a market valuation of about €5.7 billion when it listed last week, marking Europe’s biggest IPO so far this year. The Milan-based group’s public debut follows two other major listings in its sector in the past year, Network International and Adyen NV.

Shares in Nexi began trading on Tuesday, after Italy’s biggest

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