Shares in Praktiker, the German home improvement retailer, were trading at the bottom of their range in the grey market last night, amid speculation that the price for its planned initial public offering is too high.

Reuters reports shares in the grey market were being offered at €15.90 to €16 and sellers were asking €16.05 to €16.50.

Anna-Marie Hotte

JP Morgan

Deutsche Bank

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Praktiker slides in grey market trading

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