Bridgepoint success points to heavy IPO discounts in September

Bridgepoint Group, the UK private equity firm completed a £907m IPO on the London Stock Exchange this week and surged in trading on its first day. Investors said the reason for the deal’s popularity was that it was too cheap to miss out on. But banks, which will look to bring a large number of IPOs...

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Bibliographic Details
Published in:Global Capital 2021-07
Main Author: Kerr, Sam
Format: Article
Language:English
Subjects:
Discounts
Initial public offerings
Investments
Investors
Stock prices
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Summary:Bridgepoint Group, the UK private equity firm completed a £907m IPO on the London Stock Exchange this week and surged in trading on its first day. Investors said the reason for the deal’s popularity was that it was too cheap to miss out on. But banks, which will look to bring a large number of IPOs in the autumn, are worried that not all issuers will be as accommodating as Bridgepoint, writes Sam Kerr.
ISSN:2055-2165