Challenger banks riding high but Metro's cap raise a one-off
Equity investors' keen appetite for UK challenger bank stocks was evident this week when Metro Bank was able to raise £278m of fresh capital at no discount to its share price. But investors hoping for more liquidity events are likely to have to wait for secondary sales, writes Aidan Gregory.
The UK's crop of start-up and rebranded banks that came to the stockmarket between mid-2014 and early 2016 have mostly performed strongly for investors, especially recently. In the past year, shares in OneSavings Bank have risen 91%, while Metro Bank is up 81% and Aldermore 64%.That compares with ...
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