Barrasford Holdings is to debut on the Alternative InvestmentMarket with a £9.2m capitalisation tag.
The property investment company has raised £4.02m of new money at 6p per share. A total of 58.6m shares were placed withinstitutions and 8.3m shares were offered for subscription. The offer, which closed on November 8, was fully subscribed. Dealings begin on Friday.
Barrasford’s directors set up Gander Holdings, an investment group which refurbishes residential blocks in Kensington and Chelsea. It floated last June on Aim at 8p a share. Yesterday the shares stood at 12.5p.
- The Financial Times 12/11/96 page 24
