Aboutproperty.co.uk
18 Jul 2008
British bank Barclays announced this morning it has sold 19 per cent of the stock offered in an open offer to qualifying investors.
The response has been muted, as shares in the company have been trading well below the 282 pence a share offered price for much of this week.
Stock in the bank closed at 267.75 pence last night, but has risen 8.9 per cent to 290.5 pence a share in early trading this morning.
Barclays confirmed the rest of the offer would be taken up by "anchor" investors, as previously agreed.
These are thought to include the Qatar Investment Authority, Challenger, China Development Bank, Temasek and certain leading institutional shareholders with whom the shares had been conditionally placed.
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