By  on March 14, 2014

LONDON — Boohoo.com, the online fast fashion retailer, saw its shares rocket 70 percent to a high of 0.85 pounds, or $1.41, on Friday morning, its first day of trading on London’s AIM market.

The stock fell back to 0.77 pounds, or $1.28, at 11:30 am CET, but that was still 54 percent higher than its initial price, and despite a jittery market due to the crisis in Crimea.

Last Friday, the British fashion e-tailer fixed the share price of its initial public offering here at 50 pence, or 83 cents, a share, with six hundred million ordinary shares floated. Dollar figures are converted at current exchange.


RELATED STORY: Boohoo.com Sets Price for IPO >>

To access this article, click here to subscribe or to log in.

To Read the Full Article
SUBSCRIBE NOW

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus