Hedge Funds

Marshall Wace shorts London’s latest big IPO

On 6 July, CAB Payments made a debut on the London Stock Exchange with an initial market cap of £851m. It's already being shorted

Hedge fund tries to cash in on lame IPO market
Hedge fund tries to cash in on lame IPO market Photo: Getty Images

One of the largest IPOs in London this year is already facing pressure from short-sellers, less than a month after it made its debut on the London Stock Exchange.

Hedge fund Marshall Wace disclosed a 0.5% short position on cross-border payments and foreign exchange provider CAB Payments on 24 July, according to data from analytics firm Breakout Point.

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