(Sharecast News) – IP Group slid on Thursday after Invesco sold 61.9m shares in the company in a placing.
The shares were sold at 100.5p each, according to traders, which was the lower end of the initial guidance of between 100.5p and 103p and a discount of around 9.5% to the closing share price on Wednesday.
JPMorgan was the bookrunner.
At 0815 GMT, IP Group shares were down 7.4% at 102.76p.
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