Shine comes off UK retail sector as Card Factory’s shares slump

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By Nina Flitman
15 May 2014

Investors’ increasing price sensitivity could damage the performance of forthcoming IPOs from the UK retail sector, warned bankers on Thursday after Card Factory’s newly issued shares traded down 8.9% on their first morning after pricing at the bottom of the indicative range.

The UK retailer had priced its shares at 225p each, the bottom of the 225p-300p price range, but the shares traded as low as 205p on Thursday morning.

“There definitely feels like there’s a more selective and cautious tone in the IPO market than there was earlier in ...

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