Worldpay closes above initial offer price: How does it compare to London's biggest floats this year?

 
Jessica Morris
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AutoTrader has a market cap of £2.65bn after its first day of trading (Source: Getty)

Yesterday, payments processor Worldpay attracted attention with the biggest float on the London Stock Exchange so far this year.

And as institutional investors rushed to get a slice of the fintech company's, its shares closed up 10.4 per cent at 265p per share, giving it a market cap of £5.28bn on its first day of trading.

Companies are clamouring to list on the London Stock Exchange in the wake of the General Election in May, when a business-friendly Conservative government won a majority. Share registrar Equiniti priced its initial public offering today, while retirement housebuilder McCarthy & Stone finally announced its intention to float.

Read more: London IPOs fell sharply in the third quarter

But how does this compare to some of the biggest London listings so far this year?

Second-hand car sales website Auto Trader ended its first day of trading with a market cap of £2.65bn, meanwhile cyber security giant Sophos also scraped into billion-pound valuation territory with £1.09bn.

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