LONDON (Reuters) – Shares of online furniture retailer Made.com fell 7% in its debut on the stock exchange after the company completed an initial public offering in London that valued it at 826 million pounds (1,170 millions of dollars).
Previously, the company said it had priced the deal at 200 pence a share, the lowest of a previously announced price range. At this rate, the company is raising 194 million pounds, while shareholders sold 223 million pounds more in stock.
($ 1 = 0.7086 pounds)
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