DX flotation raises £200m for mail operator

Share this article
Have your say

Shares in mail and parcels group DX soared in early trading as the company made its stock market debut.

The firm raised about £200.5 million by floating on London’s Alternative Investment Market, with the shares issued at 100p each. In early trading, the shares climbed as high as 136p, valuing the business at almost £273m.

Chief executive Petar Cvetkovic said: “We are delighted to launch as a public company today, and are particularly pleased with the strong show of support from institutional investors which is testament to our future prospects.”