11/5/2023 0 Comments Marketing icon flat"Today marks the start of the next exciting chapter in the company's history and we are delighted that CAB Payments has begun trading as a public company on the London Stock Exchange. There is the option for an over-allotment worth GBP50.0 million, which will see its principal shareholder, Helios Funds, sell some of its shares. The FTSE 250 Index, which houses firms of a similar size to CAB, fell 2.6%, with markets roiled by interest rate worries.ĬAB has a market capitalisation of GBP770.1 million, down from GBP851.4 million on admission.ĬAB raised GBP333.1 million from its float. Shares in CAB, which provides cross-border payments and foreign exchange services, closed at 303.00 pence on Thursday, down 9.6% from its 335p initial public offering price. (Alliance News) - CAB Payments Holdings PLC suffered a tough start to life on the London Stock Exchange on Thursday, with shares falling during a tricky day for equities.
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