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magazineAverage Gain on 2016 IPOs: 17%
Businesses including software outfit Misys and waste manager Biffa are considering joining the stock market – and that could be good news for investors.
Initial public offerings (IPOs) have been particularly strong in 2016, according to investment bank Liberum, delivering a 17% average return since issue. Confectionary brand Hotel Chocolat (HOTC) is the biggest gainer so far, up 56% from its IPO price.
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