The Hut Group surges as investors scramble for stock

By Sam Kerr
16 Sep 2020

Shares in The Hut Group (THG), the UK e-commerce company, soared in trading on Wednesday morning, its first day as a public company.

CitigroupJP MorganBarclays, and Goldman Sachs were global co-ordinators on the IPO. HSBCJefferies and Numis Securities are bookrunners.

As of just before 11am UK time the shares had jumped to just above £6.30 a share, 26% the £5 IPO price.

The company sold 376m shares at IPO, ...

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