HarbourVest Global Private Equity consolidates listing in London
Cancellation of Euronext Amsterdam listing
HarbourVest Global Private Equity (HVPE) has today delisted from the Euronext Amsterdam exchange, as announced in the half-year results to 31 July 2016.
HVPE was originally listed in Amsterdam at its launch in 2007, and gained a London listing on the Specialist Funds Segment in 2010. In September 2015 it moved to the Main Market of the London Stock Exchange, bringing it into contact with a broader range of investors, and converted its share price from a US dollar quote to a sterling quote. Inclusion in the FTSE 250 and FTSE All-Share indices followed in December 2015. The company reports a significant increase in the liquidity of its shares as a result of the move: in the six months ended 31 July 2016, average daily trading volume was 34,016 shares, more than double the average for the 12 months ended 31 January 2016. Index inclusion has increased HVPE’s profile and brought index-tracking funds on to its share register.
Trading volumes for the Amsterdam-listed shares had been very low. Holders of the shares will now be able to trade them on the LSE.
Over 12 months to 30 September 2016, HVPE’s sterling NAV per share rose by 25.7% and its share price in sterling rose by 23.1%.
Read Edison’s most recent research report on HVPE here.
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