Two companies provide the barometer for new stock offerings last Friday, as they attracted strong demand at the time when there is a clear improvement in investor confidence. Currently, share prices all across Europe are at period highs in the past few months with activity increasing after years of bland activity.
One of the company's is the British based insurer eSure, as its stock price was towards its highest projected range. The market valued the home and motor insurance company at GBP1.2 billion or US$1.8 billion. As a result of trading, its founder and chairman Peter Wood earned an estimated GBP200 million.
Another company that shows the vibrance of the markets is the wind power investment firm Greencoat. In the past few months, the company had raised GBP260 million as it reached its maximum target during its oversubscribed share sale. Amongst its investors was the British government with GBP50 million.
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