Welpic goes back to drawing board on £100m float

An innovative UK property fund IPO was called off on Wednesday as investors balked at liquidity worries given the small size of the float.

  • 15 Feb 2013

West End of London Property Investment Co (Welpic) postponed its £100m float on London’s AIM after investors expressed the liquidity concerns.

Welpic was to be formed from a unit trust, the West End of London Property Unit Trust (Welput), with £873m of property assets in the city. It ...

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