Crest Nicholson shares surge on public offering

Shares in UK house builder Crest Nicholson soared Wednesday after completing the largest construction public offering (IPO) since the economic downturn.

Shares in UK house builder Crest Nicholson soared Wednesday after completing the largest construction public offering (IPO) since the economic downturn.

The company raised gross proceeds of £22.4.9m in the float - the biggest listing since Direct Line.

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