On its first of trading, Poundland has seen its shares jumped by 17 per cent.

The company's initial public offering was priced significantly above its retail items of one pound, at p per share, toward the higher end of the range. There has been strong interest in the company with Poundland shares subscribed 14 times over. Today also marks the IPO of Pets at Home , which priced its shares at p, in the middle its price range.

The company has received significant demand but but not to the extent that Poundland has seen. Taken together, both IPO debuts will be seen as a success, as retail investors were given the opportunity to be involved in the IPOs.

The floats are the first wave of private equity-backed firms itching to list in London this year, which include Brit Insurance and DFS. Latest news Most popular Opinion Podcast City Talk. Bats UK Wednesday 12 March 8: Poundland shares pop on first day of trading.

Guy Bentley Guy Bentley was an Online Writer at City A. Pets at Home's is trading below its issue price of p at around p.

UK retailer Poundland's share price jumps in market debut | Reuters

Market Strategist at ETX Capital, Ishaq Siddiqi, commented: Both of the companies are consuming facing and are widely popular in the UK. Poundland, led by chief executive Jim McCarthy, is part owned by Warburg Pincus.

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