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Bridgepoint’s sale value reaches £3.9 billion after IPO debut



Bridgepoint Group Ltd. today announced the successful pricing of its initial public offering on the London Stock Exchange at 350 per share.

The private equity company’s total market capitalisation on the main market of the London Stock Exchange is £2,881 million.

Bridgepoint’s London trading debut saw the company surge 21% after Bridgepoint and its shareholders raised £789 million in an initial public offering. Its shares climbed to 424.05 pence at 8:07 a.m., Bloomberg reported.

The company’s sale value reached £3.9 billion, which is the largest listing of a UK private equity firm in decades.

This development left questions about whether Bridgepoint might have priced its IPO too low at £2,881 million. However, pricing the deal higher may have caused to be accused of trying to get short term gains, some say.

Private equity groups have been spending billions on takeovers in the UK lately after staying away for years because of the harsh Covid-19 lockdowns and Brexit.

In a SEC filing, Robinhood recently revealed it is hoping to get a market valuation of $35 billion in its initial public offering. The stock trading app is releasing 55 million shares which are expected to be valued at between $38 and $42 per share. Depending on the actual value of the sold shares, this will raise to $2.3 billion.

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Bridgepoint’s sale value reaches £3.9 billion after IPO debut

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