Investors bid up Auction Technology Group stock
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....