Worldpay closes above initial offer price: How does it compare to London’s biggest floats this year?
Yesterday, payments processor Worldpay attracted attention with the biggest float on the London Stock Exchange so far this year.
And as institutional investors rushed to get a slice of the fintech company's, its shares closed up 10.4 per cent at 265p per share, giving it a market cap of £5.28bn on its first day of trading.
Companies are clamouring to list on the London Stock Exchange in the wake of the General Election in May, when a business-friendly Conservative government won a majority. Share registrar Equiniti priced its initial public offering today, while retirement housebuilder McCarthy & Stone finally announced its intention to float.
Read more: London IPOs fell sharply in the third quarter
But how does this compare to some of the biggest London listings so far this year?
Second-hand car sales website Auto Trader ended its first day of trading with a market cap of £2.65bn, meanwhile cyber security giant Sophos also scraped into billion-pound valuation territory with £1.09bn.
