(Adds name Vantage Towers to headline)
FRANKFURT, March 18 (Reuters) - Shares in Vodafone's
Vantage Towers unit rose in Germany's largest debut
in three years, benefiting from strong investor appetite for
stable-return infrastructure assets.
Shares were up 3.3% at 24.8 euros apiece at market open,
comparing to an offer price of 24 euros, which had been set in
the lower half of the 22.50-29 euros per share marketing range.
Vodafone is reaping as much as 2.3 billion from the deal,
including a 300 million euro overallotment option (greenshoe),
valuing Vantage Towers at 12.1 billion euros.
($1 = 0.8346 euros)
(Reporting by Arno Schuetze; editing by Riham Alkousaa)
Vodafone (VOD)