The second life of MPS on the Milan Stock Exchange begins on a roller coaster. Montepaschi stock opened today at 4,1 euros, then dropped to a low of 4,07 and then rebounded to 4,3 euros, a level that triggered the volatility auction. Once back in trading, the shares started to rise again, reaching 4,86 euros by mid-morning.
Monte dei Paschi di Siena returns to Piazza Affari today after the green light to the prospectus arrived yesterday by Consob. The same commission had decided to suspend trading on the stock on December 22, after the failure of the latest attempt to increase capital on the market.
Yesterday Rocca Salimbeni indicated the price of 4,28 euros as the prudential value for the shares, compared to the 8,65 euros paid by the subordinated bondholders to exchange their bonds for shares and the 6,49 euros paid by the Treasury for the precautionary recapitalization .
The value is linked to the valuation of the subordinated bonds that emerged in a credit default swap auction. The last price that the Mps had marked in December, however, was 15,08 euros. Price compared to which the shares today mark a drop of more than 70%.
UPDATE
At the end of the morning, the MPS share exceeded 5 euros.
