Jimmy Choo: Its owner JAB Luxury, the investment arm of the German billionaire Reimann family had sold shares at 140p, the bottom end of the 140p-180p price range, valuing the company at 545.6m. They ended the day at 144p, according to The Guardian. The prospectus issued alongside the float showed that Pierre Denis, the Jimmy Choo chief executive who used to run part of the luxury conglomerate, was among a handful of top executives to share in a one-off handout of 10m shares as a result of the float. The listing took place at a time when many others are being scrapped after the recent turmoil in financial markets and Upmarket shoe brand Jimmy Choo, known for its towering heels, edged up on its first day of trading on the stock market with a new band of investors, which include Singapores sovereign wealth fund. JAB floated just over a quarter of the business on the London stock market and Singapores sovereign wealth fund GIC snapped up a 4.6% stake to become the second largest investor.
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