Jimmy Choo’s IPO is expected to set its stock market price at 140p when trading begins this Friday on Londons Main Market. This is at the lower end of its expected price range.
The luxury shoe retailer had expected to be able to make a market valuation of £702Million but has fallen short of this and is expected to be valued at around £546Million when trading starts.
The company has been relying heavily on China in the past to keep growth up however with reports that luxury spending in the country is down 1% this year there are fears that this may weigh on the company along with projected debt levels as Jimmy Choo continues to open stores at a faster rate than the industry average.
You will be able to trade Jimmy Choo on plus500 from the day trading starts both long and short. *your capital is at risk.
Dont forget great deposit bonus offers at plus500. Deposit now to trade with more funds when Jimmy Choo becomes active on the London Stock Markets. Make sure you use one of the following Bonus Codes when you deposit:
MINIMUM DEPOSIT
BONUS AMOUNT
REQUIRED TPOINTS
BONUS CODE
£100
£20
50
FIRST100
£400
£100
150
FIRST500
£750
£150
200
FIRST1000
£3,000
£500
1000
FIRST5000
** £7,500
£1,200
2500
FIRST10000
** £40,000
£6,000
10000
FIRST50000
Every instrument gives different TPoints (trader points) per amount traded.
One bonus per household/IP address.
The bonus expires in 3 months.
** Will be available upon completing relevant regulatory requirements.
Jimmy Choo’s IPO is expected to set its stock market price at 140p when trading begins this Friday on Londons Main Market. This is at the lower end of its expected price range.
The luxury shoe retailer had expected to be able to make a market valuation of £702Million but has fallen short of this and is expected to be valued at around £546Million when trading starts.
The company has been relying heavily on China in the past to keep growth up however with reports that luxury spending in the country is down 1% this year there are fears that this may weigh on the company along with projected debt levels as Jimmy Choo continues to open stores at a faster rate than the industry average.
You will be able to trade Jimmy Choo on plus500 from the day trading starts both long and short. *your capital is at risk.
Find out more about the Jimmy Choo IPO here.
Dont forget great deposit bonus offers at plus500. Deposit now to trade with more funds when Jimmy Choo becomes active on the London Stock Markets. Make sure you use one of the following Bonus Codes when you deposit:
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