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Flotation
noun
A state of floating, or being afloat.
synonyms
Exact(60)
Banks advising the government on the controversial sell-off of Royal Mail were allocated millions of shares that have shown a profit of about £29m since its flotation.
If the agreed takeover happens, it would indeed represent a happy-ish ending for Plus500, at least for those investors who bought at flotation at 115p in 2013.
Their allocation emerged after Labour peer Lord Donoughue asked the government how many shares were sold to the banking advisers who advised on the price of the flotation.
Budget carrier Wizz Air has scrapped plans for a £200m flotation on the London stock exchange, blaming turbulence in the aviation market.
The shares were allocated to the banking advisers separately from the £16.9m of fees due to be paid for their role in the flotation, and may have been sold or added to at any point since the flotation date.
It was the year of the Olympics, the omnishambles, the Higgs boson and the Facebook flotation.
That is true of the stock market flotation, of Twitter itself and of its entire business model.
Ministers have revealed that City advisers helping with the flotation were given the opportunity to buy 13m shares in Royal Mail as investors rushed to buy into the new private company.
Look at which of the Twitter team did best from the flotation and the answer is: Evan Williams, who, in Bilton's telling, initially had least to do with the program, and Jack Dorsey.
BT has announced a partial flotation of Yell.com, an information service.
The company's market capitalisation has tumbled since its flotation in 2011.
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