Investors bid up Auction Technology Group stock

By Aidan Gregory
23 Feb 2021

Auction Technology Group, the UK developer of proprietary software for online auctions, has surged by more than 30% in the aftermarket after completing its £273m IPO on the London Stock Exchange on Tuesday.

The stock was trading at 799.7p by 10.39am in London on Tuesday morning, up 33.3% from the 600p offer price in the IPO. The initial offer price valued the company at £600m.

By Thursday, the stock had continued to rally strongly, rising further to around 807.9p on Thursday afternoon.


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