28th Jan 2015 10:22
LONDON (Alliance News) - SCS Group PLC saw its shares rise in initial dealings Wednesday, after the furniture and floorings retailer listed on the main market of the London Stock Exchange.
Its shares were trading at 188.00 pence Wednesday morning, up from its IPO price of 175 pence.
SCS, which stands for Sofa Carpet Specialist, had said last week that it intended to raise GBP35.7 million by placing 20.4 million shares, or 51% of its share capital, at 175 pence each in the IPO. That gave it an initial market capitalisation of GBP70 million.
By Steve McGrath; [email protected]; @stevemcgrath1
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Related Shares:
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