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Comment |
Spring 2011 The
recovery in market sentiment towards the end of last year and during
the first dealing days of 2011 has given added life to the London IPO
market although companies remain cautious about committing themselves
to the expense and effort of listing given the general uncertainty in
both domestic and global economies. Looking
back over the past year there have been some outstanding successes for both
corporate sellers and investors. The LSE main market listing in March 2010 of
fast growing fashion retailer Supergroup was one of the highlights of the IPO scene with the shares steadily
rising from the 500p listing price to finish the year at just under £13.
Less successful, at least initially, was the much hyped sale of the Waitrose
linked online grocery operation of Ocado. Although
Ocado has built up a strong retail
reputation during the 8 years it has been trading it has yet to report a
profit
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