Shares in Studio Babelsbergbegan trading on Frankfurt's 'Freiverkehr' exchange on Friday morningat Euros 1.65 after 10% of the company's 15m shares had been floated at anissue price of Euro 1 each.

The free flotation of the1.5m shares was open to studio staff as well as friends and partners from thefilm industry.

The Studio Babelsberg Groupis aiming for a turnover of over Euros45m for this year with an operating lossof around Euros2.5 m.

The studio complex on theoutskirts of Berlin is currently hosting the Silver Pictures and Warner Bros.Pictures production of the Alan Moore comic adaptation V For Vendetta by James McTeigue. Joel Silver and brothers Andy andLarry Wachowski are producing.