GTCO Shares Soar 9.45% on First Trading Day in London

The share price of Guaranty Trust Holding Company Plc (GTCO) surged by 9.45 percent on Wednesday following its listing on the main market of the London Stock Exchange (LSE).

GTCO, the parent of Guaranty Trust Bank, closed at $3 per share, up from $2.8 on Tuesday.

With the admission of its entire issued share capital of 36,425,229,514 shares, its market capitalisation stood at £1.38 billion.

The start of trading of the shares of GTCO on the main market of the LSE followed the launch last week of a fully marketed offering of ordinary shares to raise about $100 million on the bourse. The holding company has cancelled the global depositary receipts it listed on the LSE in 2007.