Jimmy Choo Begins Trading at 140p, progress Flat This morning
October 17, 2014 11:12 am
Luxury Shoe maker Jimmy Choo (CHOO.L) today started trading on Londons Main Markets. As expected the opening price was set at 140p per share which valued the company at just over £545.5Million.
The company had originally tried to set its IPO in the range 140p-180p but that was cut this week after fears the firm may struggle in such weak market conditions and there were even fears that with big falls in the ftse recently the floatation may be abandoned altogether, however the share price seems to have held up at least for the moment.
Pierre Denis, Chief Executive Officer of Jimmy Choo, said:
“We are delighted with our successful IPO. Today’s announcement marks an important milestone for Jimmy Choo and recognises not only the appeal of our high quality products but also confidence in our ability to outperform the luxury shoe market. We welcome our new shareholders and look forward to sharing with them the continuing momentum of this exceptional brand.”
Luxury Shoe maker Jimmy Choo (CHOO.L) today started trading on Londons Main Markets. As expected the opening price was set at 140p per share which valued the company at just over £545.5Million.
The company had originally tried to set its IPO in the range 140p-180p but that was cut this week after fears the firm may struggle in such weak market conditions and there were even fears that with big falls in the ftse recently the floatation may be abandoned altogether, however the share price seems to have held up at least for the moment.
Pierre Denis, Chief Executive Officer of Jimmy Choo, said:
“We are delighted with our successful IPO. Today’s announcement marks an important milestone for Jimmy Choo and recognises not only the appeal of our high quality products but also confidence in our ability to outperform the luxury shoe market. We welcome our new shareholders and look forward to sharing with them the continuing momentum of this exceptional brand.”
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