JP Morgan Asset Management shorts CAB Payments after bank aided IPO

FCA filings

JP Morgan's asset management division has built a short position against CAB Payments, two months after the bank's investment banking unit helped the group float on the London Stock Exchange.

As of 12 September, JP Morgan Asset Management had built a 0.5% net short position against CAB Payments' shares, according to Financial Conduct Authority filings. The bank's investment banking division acted as a sponsor, joint global coordinator and joint bookrunner in the company's initial public offering.    CAB Payments makes London Stock Exchange debut with £851.4m IPO CAB Payments had a valuation of £851m at IPO, and managed to raise £335m from investors, making it one of the biggest UK IPOs of 2023. According to data from the London Stock Exchange, CAB Payments' share price ...