Online furnishings and homewares retailer Made.com is losing money and it is not totally surprising that it did not achieve the hoped-for valuation of £1bn. Even so, trading in the shares got off to a rocky start before recovering.
Following two days of conditional trading, the share price ended at 200p – the low was 182.14p. There were 10.8 million shares traded on the first day and 2.99 million shares on the second day. The valuation is still three times ongoing annualised revenues.
The original shareholders still own the majority of the shares. All investors get the chance to ...
