Secure Trust Bank steady after £25m AIM float
Europe’s big banks are having a tough time but there was better news on Wednesday from the other end of the scale as London’s Alternative Investment Market welcomed its first new banking stock for many years. Trading began in Secure Trust Bank following a £25m IPO that was priced on Friday and the shares rose 4.9% to 755p from the 720p listing price, giving the firm a market capitalisation of £107m.
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