04 Jan 2016

City A.M. – Trendit first firm to list on the London Stock Exchange

The first firm to list in London this year made a strong debut, shrugging off the China rout that sent stocks plummeting worldwide.
Data analytics firm Trendit had the misfortune of listing on the London Stock Exchange on the FTSE’s worst opening day this century, but that didn’t stop it soaring over 10 per cent from its initial price of 5.53p to close at 6.12p this afternoon.
The stellar debut is a far cry from the nose-dive most stocks worldwide took today as investors reacted to increased volatility in China.