Neil Woodford's record-breaking Patient Capital investment trust moved to a premium shortly after launching on the London Stock Exchange.
Woodford Investment Management (WIM) listed ordinary shares at 100p each today. Shares in the trust, which raised a record £800m during its offer period then rose to 103p after opening before moving to a trading high of 105.85p shortly after. At 9.10am the trust was trading at 101.25p. Commenting on the launch, analysts at Numis said: "We expect the fund to trade well in the near term given Neil Woodford's strong track record and the high profile of the vehicle. "Furthermore, we expect the fund to be eligible for inclusion in the FTSE All Share (as a FTSE 250 constituent) in June, ...
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