Flybe has raised £66 million in a stockmarket flotation. The float was oversubscribed by a factor of two to one. Flybe CEO, Jim French said he was “very pleased” that the share offer was oversubscribed which valued the business at £215 million after it launched at 295p a share. After a day of trading on the grey market, before formal trading begins on Wednesday, the shares closed up 16% at 341.25p. “We have long seen a listing as an essential step in the growth and development of the business,” said French. Flybe said half the proceeds from the flotation would

This content is restricted to site members.

If you are an existing user, please login below.
New users may register below.

Existing Users Log In