Purplebricks first day of dealing.
December 18, 2015
The first day of dealings yesterday of Purplebricks the first online estate agency to float on the junior AIM market proved somewhat disappointing.
The flotation price was at £1, the end of day price was 93p, a disappointing 7% drop on the day.
Major shareholders include top fund manager Neil Woodford, Paul Pindar, former chief executive of Capita, and Errol Damelin, founder of payday lender Wonga.
It will certainly be interesting to watch how the share price performs over the coming year and how the company performs in relation to numbers of sales. Would you be an investor?
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