Belvoir given warm reception

Trading in the shares of Belvoir Lettings, one of the UK's largest lettings franchises, have got off to a solid start, trading almost 5p above the flotation price.

Trading in the shares of Belvoir Lettings, one of the UK's largest lettings franchises, have got off to a solid start, trading almost 5p above the flotation price.

The company announced in January it was seeking to raise between £6m and £8m, £3m of it through the issue of new shares, via a placing of shares. The shares were placed at 75p, and were being traded on the Alternative Investment Market (AIM) at 79.5p in the first hour of the stock's life as a listed entity.

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