UK markets closed
  • FTSE 100

    7,204.55
    +14.25 (+0.20%)
     
  • FTSE 250

    22,931.66
    +14.61 (+0.06%)
     
  • AIM

    1,234.19
    -7.18 (-0.58%)
     
  • GBP/EUR

    1.1801
    -0.0060 (-0.51%)
     
  • GBP/USD

    1.3759
    -0.0036 (-0.26%)
     
  • BTC-GBP

    44,421.81
    -1,479.67 (-3.22%)
     
  • CMC Crypto 200

    1,453.34
    -49.69 (-3.31%)
     
  • S&P 500

    4,544.90
    -4.88 (-0.11%)
     
  • DOW

    35,677.02
    +73.94 (+0.21%)
     
  • CRUDE OIL

    83.98
    +1.48 (+1.79%)
     
  • GOLD FUTURES

    1,793.10
    +11.20 (+0.63%)
     
  • NIKKEI 225

    28,804.85
    +96.27 (+0.34%)
     
  • HANG SENG

    26,126.93
    +109.40 (+0.42%)
     
  • DAX

    15,542.98
    +70.42 (+0.46%)
     
  • CAC 40

    6,733.69
    +47.52 (+0.71%)
     

UK broker Peel Hunt raises $154 million in London listing

·1-min read

LONDON (Reuters) - British mid and small-cap investment bank Peel hunt has raised 112 million pounds ($153.61 million) in a listing on London's AIM market, it said on Friday.

Peel Hunt said its selling shareholders expected to get around 72 million pounds from the listing, which will give the company a market capitalisation of 280 million pounds. It also raised 40 million pounds of new capital.

Peel Hunt will have free float of around 40%.

Peel Hunt was founded in 1989 and bought by Belgium's KBC in 2001 but is now majority-owned by current and former employees after a staff buyout in 2010.

($1 = 0.7291 pounds)

(Reporting by Carolyn Cohn; Editing by Rachel Armstrong)

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting