Relief as ContourGlobal closes flat on its first day of trading

Carbon emissions smoke power station from Fotolia 230x150
By Aidan Gregory
09 Nov 2017

Shares in ContourGlobal, the emerging markets-focused power producer, managed to stay above their IPO price all day on Thursday after they began trading on the London Stock Exchange.

The books had closed on Wednesday and the deal was priced at the bottom of the 250p-275p initial range. The shares closed flat to the IPO price on Thursday.

JP Morgan and Goldman Sachs were global coordinators, BNP Paribas, Citigroup, Morgan Stanley and RBC Capital Markets bookrunners. ...

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