By  on June 30, 2013

MILAN — Italia Independent looks like a stock market hit.

To ensure growth without piling on debt, Lapo Elkann’s Italia Independent Group SpA turned to the AIM Italia Alternative Capital Market, a segment of the Italian Stock Exchange for small and medium-sized companies, where shares began trading on Friday, closing up 16.2 percent at 30.20 euros, or $39.20 at current exchange.

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