Wednesday, July 6, 2022
Market-Reporter
  • Home
  • Markets
    • U.S. Markets
    • Canada
    • Europe & Middle East
    • Emerging Markets
    • Asia
    • Latin America
  • Investing
    • Stocks
    • IPOs
    • Mutual Funds
    • ETFs
    • Bonds
    • Commodities
    • Currencies
    • Cryptocurrencies
  • Economy & Politics
    • Personal Finance
    • Spending & Saving
    • Retirement
    • Real Estate
No Result
View All Result
  • Home
  • Markets
    • U.S. Markets
    • Canada
    • Europe & Middle East
    • Emerging Markets
    • Asia
    • Latin America
  • Investing
    • Stocks
    • IPOs
    • Mutual Funds
    • ETFs
    • Bonds
    • Commodities
    • Currencies
    • Cryptocurrencies
  • Economy & Politics
    • Personal Finance
    • Spending & Saving
    • Retirement
    • Real Estate
No Result
View All Result
Market-Reporter
No Result
View All Result
Home IPOs

Made.com shares fall 7% after completing London IPO

MtR by MtR
June 16, 2021
in IPOs
0
Made.com shares fall 7% after completing London IPO


LONDON, June 16 (Reuters) – Shares in online furniture retailer Made.com (MADE.L) opened 7% lower on its stock market debut on Wednesday, the latest company to suffer losses on its first day of trading in what has been a relentlessly busy year for stock market listings.

Made.com company priced its London initial public offering (IPO) at 200 pence per share, the bottom of a previously announced price range, valuing it at up to 826 million pounds ($1.17 billion).

But shares opened 7% lower at the open and were down 5% at 0720 GMT.

Some European companies have struggled to get their IPOs over the line in recent weeks, with investors becoming increasingly picky about which deals they invest in. Some that have priced, such as France’s Believe (BLV.PA), have struggled in the aftermarket.

In London, substantial IPOs from Deliveroo (ROO.L) and Alphawave (AWE.L) both tanked on their stock market debuts, and are trading well below their IPO price.

Made.com raised around 100 million pounds through its London listing while its shareholders sold a further 94 million pounds of shares in the deal.

JP Morgan and Morgan Stanley were the global coordinators on the deal.

($1 = 0.7086 pounds)

(This story corrects amount raised by company and shareholders in sixth paragraph)

Reporting by Abhinav Ramnarayan; editing by Thyagaraju Adinarayan

Our Standards: The Thomson Reuters Trust Principles.



Source link

Related articles

Annapurna Swadisht Ipo In August | Kolkata News

July 6, 2022

Nano Labs Plans IPO of 1.77M ADSs

July 5, 2022

Related Posts

Annapurna Swadisht Ipo In August | Kolkata News

by MtR
July 6, 2022
0

Kolkata: City-based Annapurna Swadisht, maker of packaged snacks, food and beverages, is planning to tap capital market with an initial...

Nano Labs Plans IPO of 1.77M ADSs

by MtR
July 5, 2022
0

By Stephen Nakrosis Nano Labs Ltd., a fabless integrated circuit design company in China, said it planned to offer 1.77...

EU set to overhaul listing rules as competition for tech IPOs intensifies

by MtR
July 5, 2022
0

Tuesday 05 July 2022 9:00 am The EU is eyeing changes to its listing rules to boost deeptech IPOs The...

Northvolt raises US$1.1bn in ‘cautious capital market’ as IPO looms

by MtR
July 5, 2022
0

Inside one of Northvolt’s laboratories. Image: Northvolt. Northvolt has raised US$1.1 billion in new capital ahead of a potential IPO...

EU set to ease IPO rules to lure $65.6 billion in deep-tech funding

by MtR
July 5, 2022
0

BRUSSELS (BLOOMBERG) - The European Union wants to increase the number of deep-tech start-ups in Europe by attracting €45 billion...

Load More
  • Trending
  • Comments
  • Latest

Bank of England tells ministers to intervene on digital currency ‘programming’

June 21, 2021

Tips for checking smoke alarms during daylight saving time

March 12, 2022

GLOBAL MARKETS-U.S. stocks follow Europe up; Treasury yields rise, dollar firm

July 9, 2021
Fed tapering and emerging markets

Fed tapering and emerging markets

June 7, 2021
African currencies week ahead: Zambia's kwacha seen on back foot, Kenyan shilling up – Business Recorder

African currencies week ahead: Zambia's kwacha seen on back foot, Kenyan shilling up – Business Recorder

0
Maxum Foods releases Global Dairy Commodity Update for June

Maxum Foods releases Global Dairy Commodity Update for June

0
Letter: Perpetual bonds can help states fight hunger

Letter: Perpetual bonds can help states fight hunger

0
United Kingdom ETFs Are Riding the Re-Opening Momentum

United Kingdom ETFs Are Riding the Re-Opening Momentum

0

Paytm Money moves direct mutual fund investors to BSE star exchange

July 6, 2022

ETF investors reduce credit risk as recession fears spike

July 6, 2022

Bonds and ETFs find favour on NZX in June

July 6, 2022

RBA rate lift causes shift in commodity prices

July 6, 2022

Recent News

Paytm Money moves direct mutual fund investors to BSE star exchange

July 6, 2022

ETF investors reduce credit risk as recession fears spike

July 6, 2022

Bonds and ETFs find favour on NZX in June

July 6, 2022

Categories

  • Asia
  • Bonds
  • Canada
  • Commodities
  • Cryptocurrencies
  • Currencies
  • Emerging Markets
  • ETFs
  • Europe & Middle East
  • IPOs
  • Latin America
  • Mutual Funds
  • Personal Finance
  • Real Estate
  • Retirement
  • Spending & Saving
  • Stocks
  • U.S. Markets
  • Privacy & Policy
  • About Us
  • Contact Us
  • Advertise with us

© 2021 Copyright Market-Reporter

No Result
View All Result
  • Home
  • Markets
    • U.S. Markets
    • Canada
    • Europe & Middle East
    • Emerging Markets
    • Asia
    • Latin America
  • Investing
    • Stocks
    • IPOs
    • Mutual Funds
    • ETFs
    • Bonds
    • Commodities
    • Currencies
    • Cryptocurrencies
  • Economy & Politics
    • Personal Finance
    • Spending & Saving
    • Retirement
    • Real Estate

© 2021 Copyright Market-Reporter