10th Jul 2015 07:56
LONDON (Alliance News) - Shares in IT services, consulting and software company Kainos Group PLC surged higher on their debut on the London Stock Exchange on Friday.
Kainos shares were up 22% to 169.78 pence in early trade, up from the 139 pence they were floated at.
Kainos issued 37.7 million shares in the issue, raising GBP52.4 million and giving it a market capitalisation of GBP161.3 million at the start of dealings. Following the early share price surge, its market capitalisation is now around GBP197 million.
Investec was the sole sponsor, financial adviser, bookrunner, underwriter and broker on the deal.
By Sam Unsted; [email protected]; @SamUAtAlliance
Copyright 2015 Alliance News Limited. All Rights Reserved.
Related Shares:
Kainos Group