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Share Centre floats on Aim

Created:
13 May 2008
Written by:
Malar Velaigam

Share plc's Initial Public Offering (IPO) was oversubscribed by nearly four times ahead of its planned float on the Alternative Investment Market this week. The parent company of stockbroker The Share Centre raised £1.08m through the sale of 4m shares at 27p. The shares will also be traded on PLUS and its own trading platform, Sharemark, with a view to graduating to the main market in the future.

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IC VIEW:

GoodValue

Oversubscription at a time of turbulent financial markets is unusual, and impressive, although the fund raising was relatively small. At 27p, the shares offer good value.

See also: Share and share alike

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