April 17, 2014

AO World share price surges on market debut

AO World’s share price surged by as much as 45 percent during its trading debut on the London Stock Exchange. AO World’s shares reached 412.25p during the day, representing a 45 percent increase in the 285p initial public offering price.

Its market capitalisation reached over £1.7bn during the day, putting it on par with the likes of Dixons despite previous reports from analysts who believed AO was overvalued.

 

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