The French broadcaster spun out of Vivendi has made its debut on the London stock exchange in a boost for the capital following a dearth of flotations in the past couple of years.
Shares in Canal+, the Paris-based TV streaming and film production company behind the Paddington films, were changing hands at just under 260p shortly after the markets opened on Monday.
This valued the group at about £2.6 billion and made it the biggest debutant to the London market since Haleon, the consumer health company, was spun out of GSK two years ago.
However, the shares, which were priced at auction, endured a volatile first day’s trading, with many investors in the parent company Vivendi offloading their stock, either for tax purposes or due