Auto Trader U.K. shares soar on floatation
20 Mar 2015
Auto Trader U.K.'s shares soared on their first day of conditional trading on the London Stock Exchange (LSE) yesterday. From an initial public offering (IPO) price of £2.35 per share ($3.46 U.S.), which valued the company at £2.35 billion, the share took just a quarter of an hour to hit £2.65, before closing at £2.56, an increase of nearly nine percent on the IPO price.
Floating 59 percent of