New reinsurer lists in London in popular IPO

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By Sam Kerr
02 Dec 2020

Shares in Conduit Holdings, a new London-listed reinsurance company, rose on its first day of trading after a strong IPO, with investors keen on backing the new vehicle.

The company was trading at £5.28 a share on Wednesday morning, above its £5 a share offer price, its first day of trading on the London Stock Exchange. By Thursday the shares had fallen to £5.09 a share but were still above the offer price.

Conduit sold 164m ...

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