Made.com shares fall 7% after completing London IPO
© Reuters. FILE PHOTO: The London Stock Exchange Group offices are seen in the City of London, Britain, December 29, 2017. REUTERS/Toby Melville/File Photo
LONDON (Reuters) – Shares in online furniture retailer Made.com fell 7% on its stock market debut after the company completed a London initial public offering that valued it at 826 million pounds ($1.17 billion).
Earlier, the company said it had priced the deal at 200 pence per share, the bottom of a previously announced price range. At this rate, the company is raising 194 million pounds while shareholders sold a further 223 million pounds of shares.
($1 = 0.7086 pounds)
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