St. Modwen gives up recent gains with £49m top-up
St. Modwen, the specialist property developer, launched and priced a £49m top-up placing on Tuesday. At first glance, the discount looked big compared to recent primary capital raises from three other real estate firms but it only took the stock back to a level at which it was trading as recently as two weeks ago.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article: