Shares in Conergy, a renewable energy company, rose by nearly a third after pricing at the top of the range in Germany's first accelerated initial public offering, a new structure created by Deutsche Bank last year. The offer was 29 times oversubscribed.

Conergy raised €243m ($326m) after selling 4.5 million shares at €54. Shares opened at €71 and were trading at €67.31 at 10:17 GMT.