for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up

UPDATE 1-French secondhand car seller Aramis flat on debut

(Updates with shares, background on Stellantis)

PARIS, June 18 (Reuters) - French secondhand car group Aramis made a low-key Paris stock market debut on Friday, with its shares flat after rising marginally above an IPO price of 23 euros per share.

The initial public offering (IPO), which valued the group at 1.9 billion euros ($2.26 billion), was one of several to hit Paris in recent weeks, amid a mixed reception from investors faced with an avalanche of IPOs in Europe.

Aramis, which is is 70% owned by carmaker Stellantis , was trading at 23.05 euros by 0840 GMT after pricing its IPO at the bottom of an indicative price range of between 23 and 28 euros per share..

Stellantis, formed through the merger of Peugeot owner PSA and Italy’s Fiat Chrysler, did not sell down its stake.

French digital music firm Believe is trading slightly below its IPO price after sliding on its June 10 debut.

Meanwhile, French parcel delivery company Colis Privé is now also planning an IPO in Paris, as is French cloud computing services provider OVHcloud. ($1 = 0.8393 euros) (Reporting by Dominique Vidalon and Sarah White; Editing by Sudip Kar-Gupta and Alexander Smith)

for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up