August 23, 2014

TSB share price surges 15 percent on debut

TSB's share price increase bucked the recent doom and gloom surrounding IPOs.

TSB’s share price increase bucked the recent trend for mediocre market debuts.

The TSB share price surged by as much as 15 percent on TSB’s IPO debut. During trading, the TSB share price reached 300.25p, representing a 15 percent increase in the offer price of 260p per share.

TSB’s share price eased during the afternoon, to the end the day at 290p per share.

The strong performance of TSB’s IPO has increased speculation that other challenger banks such as Aldermore will be tempted to proceed with a flotation.

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