Davenham Sees a Good First Day

Summary


Shares in Davenham, a finance company specialising in secured loans for small and medium-sized companies, got off to a good start yesterday in their first day of trading on the AIM market.

They finished at 262 1 /2p, valuing the company at pounds 67 million, against a placing price of 254p paid by City institutions when the company and existing shareholders raised pounds 44.6 million ahead of the flotation.

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Extract


Davenham Sees a Good First Day

Based in Manchester, Davenham opened an office in Victoria Square, Birmingham, thre...

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