By Sally Watson, 16 March 2000 14:15
NEWS Strong demand for shares in French free ISP, LibertySurf, delayed its debut on the ParisBourse this morning. Trading was briefly suspended after the share offer was oversubscribed 67 times by retail investors and 60 times by institutions. The reference price for the company's IPO was fixed at E41m (£25), valuing the ISP at around E3.5bn (£2.16bn). More than 10.9 million shares began trading today. An extra 1.65 million will be sold to meet demand. LibertySurf's main shareholders are UK retail group Kingfisher and French tycoon Bernard Arnault's investment company, Europ@web.
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