World news – GB – The Hut Group begins trading on London Stock Exchange after successful float

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The Hut Group has begun trading on the London Stock Exchange this morning after its successful float raised £1.88bn, in turn pushing its market capitalisation to £5.4bn.

In a statement issued this morning, The Hut Group said it would begin trading on the London Stock Exchange from 8am following the float, which is the largest ever by a UK tech company and the UK’s largest IPO since 2015. 

Based on the offer price, THG said market capitalisation for the business would be £5.4bn when it commences trading.

Chief executive Matthew Moulding said: “I am delighted that THG has received such strong support from some of the world’s largest investors, which means we have been able to achieve a highly successful offer of shares in the company.” 

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SOURCE: https://www.w24news.com/news/world-news-gb-the-hut-group-begins-trading-on-london-stock-exchange-after-successful-float/?remotepost=278694

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