Hut attracts huge demand in first block since IPO

Investors flocked to the first block trade in The Hut Group (THG), the UK e-commerce company that was listed on the London Stock Exchange in September, in an overnight trade on Wednesday evening.
The deal was launched after a wall-crossing process throughout the day with indications of interest that exceeded the deal size, according to a banker working on the transaction.
“Demand was very strong and the deal was multiple times oversubscribed, with both existing and new investors taking part,” he ...Already a subscriber? Login