Knaus Tabbert Slips in Frankfurt Debut After Slashed IPO (2)

Knaus Tabbert AG’s shares slipped in Frankfurt after the maker of camper vans and motor homes sold fewer shares than planned in an initial public offering and priced them at the bottom of the indicative price range.

The German company’s shares opened at 58 euros, in line with the IPO price. The stock gave up slight gains in early trading to drop as much as 5%.

The offering raised 232 million euros ($271 million), according to a statement. The size of the deal was slashed by 945,000 shares, with the stock available for trading cut to 38.5% from the ...