Xchanging share price floats upwards
Business process outsourcing technology firm Xchanging's offer price for its initial public offering...
Business process outsourcing technology firm Xchanging's offer price for its initial public offering on 30 April was 240p per ordinary share. The price has since climbed above 260p. This gave the firm, which has recently signed a £230m 10-year outsourcing contract with Aon, a market capitalisation of approximately £493m and a diluted equity value of approximately £525m.
Before the float, David Andrews, chief executive of Xchanging, said: "We look forward to life as a listed company and to being
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