Hut attracts huge demand in first block since IPO

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By Sam Kerr
14 Jan 2021

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 ...

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