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Trading in eXchange shares starts briskly

Dealing in shares of eXchange Holdings started briskly this morning with a 10 per cent rise in value in the first few minutes of trading.


The IFA internet service provider announced a placing at 200p per share but early trading saw this rise to 226p within minutes.


The trading debut gave the eXchange a market value of more than £400m.


The eXchange&#39s float price was just below the top end of the range indicated of 170p- 207p .


The eXchange has already posted profits of £4.4m this year and has approximately 10,000 IFAs and produces 47m financial services quotations a year.

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