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LONDON, April 23 (Reuters) - Spanish fund distribution firm Allfunds’ shares jumped more than 10% on their Amsterdam debut, in a boost to an IPO market dented by last month’s disastrous Deliveroo listing.
Allfunds is among the biggest IPOs in Europe this year so far, along with the completed listings of Deliveroo and Vantage Towers, Vodafone’s towers business.
Friday’s listing is a big win for Amsterdam, which has emerged as an early beneficiary after Brexit dented London’s spot as the IPO venue of choice for European companies.
At 0715 GMT, Allfunds’ stock was up 12.8% at 12.97 euros on Euronext, having briefly risen above 13 euros. The surge in Allfunds shares came in an otherwise flat market, with the pan-European STOXX 600 index losing 0.1%.
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