Italy's RCF, a professional audio
equipment maker, said on Friday it had been given the green
light to list its shares on the Milan bourse in an initial
public offering that will value the company at up to 565 million
euros ($620 million).
European shares rose on Friday as
investors were hopeful of further monetary easing from the U.S.
Federal Reserve in the wake of poor economic data, while chip
stocks nudged higher after a report said Apple was increasing
production of its new iPhone models.