de noras logo is displayed on a smartphone in this illustration taken june 13 2022 reutersdado ruvicillustration rome june 30 reuters  shares in italys industrie de nora fell more than 2 on thursday as the group became the first company to list on italys main market since russias invasion of ukraine electrode maker de nora had priced its ipo at 1350 euros per share at the bottom of its price range valuing the 27 billion euros 29 billion after opening down 06 at 1340 euros the shares extended losses and were down 2 at 0710 gmt underperforming milans allshare index  down 14 the company is getting 200 million euros in fresh funds while existing shareholders including its founding family and italian gas grid operator snam srgmi will pocket 345 million founded in 1923 the group is a leading manufacturer of electrodes for devices such as rechargeable batteries and also makes systems for water filtration and wastewater treatment as well as components to produce green hydrogen the garrone mondini family which controls italian energy company erg ergmi and the family office of ruthi wertheimer which specialises in minority longterm investments in advanced technology industrial firms led by families and entrepreneurs each pledged to invest up to 100 million euros in the ipo rothschild is acting as advisor of san quirico the garrone familys holding company reporting by francesco zecchini writing by keith weir editing by giulia segreti