Max Property Group saw its share price rise 30% to 130 pence on its first day of trading on Thursday on the London Stock Exchange. The flotation of the real estate investment company, headed by British entrepreneur Nick Leslau, is the UK's first initial public offering of the year and Europe's largest IPO, according to a report in the Financial Times.
Max Property Group saw its share price rise 30% to 130 pence on its first day of trading on Thursday on the London Stock Exchange. The flotation of the real estate investment company, headed by British entrepreneur Nick Leslau, is the UK's first initial public offering of the year and Europe's largest IPO, according to a report in the Financial Times.
The flotation raised £200 mln (EUR 227 mln). The Aim offering, backed by the hedge fund group Och-Ziff, was oversubscribed as core investors proved willing to pump more funds than expected into the new company.
