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Vivo Energy makes £2bn debut

Vivo Energy makes £2bn debut

Trading in shares in Vivo Energy (VVO) went unconditional this week, after the pan-African petrol station and fuels business raised £548m in an initial public offering that valued the company at £2bn. At first blush, the company has been well-received by institutional investors: despite pricing at the lower end of its valuation range Vivo’s shares were up 10 per cent on their debut on 4 May, at the time of writing.

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