Newly-listed firms beat the FTSE index

first_img Newly-listed firms beat the FTSE index whatsapp COMPANIES that entered the London stock market this year have outperformed the FTSE 100 by more than 16 percentage points, research out yesterday showed. Newly-listed firms have gained an average of 19.5 per cent on their share price in the year to date, compared to a 3.4 per cent rise in the FTSE 100 and a 7.4 per cent rise on the FTSE 250, according to professional services firm Deloitte. Eleven companies listed on the stock exchange this year, excluding cash shells, investment companies and venture capital trusts, and eight of those have outperformed the FTSE 100. An example of this success is Betfair, which completed its initial public offering (IPO) in October with a valuation of £1.4bn. Its shares are now trading more than 10 per cent above the £13 float price.Companies that have fared less well include Ocado, whose initial public offering in June was plagued by criticism of the firm’s business model. The shares, which were reduced from 275p to 180p ahead of the float, are trading at 132.6p, more than 26 below the original pricing.Santander and Flybe are said to be lining up to float on the UK stock market in the next twelve months. John Hammond, capital markets partner at Deloitte, said: “Although there have been winners and losers in the IPO stakes, on average IPOs have done better than putting your money into a tracker fund.”Hammond said trading conditions this year have made it hard for new companies to join the market, with many cutting back their original valuations. “Nevertheless, we expect to see a continuation of IPOs in the final two months of this year and into 2011,” he said. “Investors will continue to be choosey and very aggressive on valuations so companies will have to accept that valuations will be subdued. On the flip side, that may mean further relative gains for investors.” Sunday 14 November 2010 10:20 pm whatsapp More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgLA news reporter doesn’t seem to recognize actor Mark Currythegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comColin Kaepernick to publish book on abolishing the policethegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgPorsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.comMan on bail for murder arrested after pet tiger escapes Houston homethegrio.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comKansas coach fired for using N-word toward Black playerthegrio.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comFort Bragg soldier accused of killing another servicewoman over exthegrio.comKiller drone ‘hunted down a human target’ without being told tonypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comcenter_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was Famous, Now She Works In {State}MoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldHealthyGem”My 600-lb Life” Star Dropped 420 Pounds, See Her NowHealthyGemZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farm KCS-content Show Comments ▼ Share Tags: NULLlast_img