Investors Love easyJet IPO

16 November 2000

easyJet, the first UK-based airline to go for broke with the direct sales of tickets via the web, reaped the fruits of its audacity yesterday with a highly successful flotation on the London stock market.

Prices at the end of the airline’s first day trading closed at 342p, giving gamblers a 10% profit. This price values easyJet at £860 million, doubtless bringing a broad grin to the face of its high profile chairman Stelios Haji-Ioannu who holds a personal stake of ten per cent.

News source: The Times (London)