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Footasylum shares leap following IPO

Footasylum’s share price was up 23.41% following its admission to the London Stock Exchange’s Aim on 2 November. 

The retailer admitted its ordinary shares to trading on the junior market of the London Stock Exchange at 8am.

Last week, Footasylum was valued at £171.3m upon its listing through a combination of 26,474,390 new and 13,381,134 existing shares at £1.64 per share.

Footasylum confirmed last month that former JD Sports chief executive Barry Bown will join the board as executive chairman in June 2018 when Footasylum co-founder John Wardle retires from the role.

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