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LONDON M&C Saatchi, advertising agency for some of Britain’s best-known companies, made its first public offering of shares today, in a step aimed at funding its expansion in Europe and Asia.
The shop launched its shares on the Alternative Investment Market of the London Stock Exchange at approximately $2.38.
It placed the shares only with institutional investors but will make them available to the wider public starting Wednesday. The offering valued M&C Saatchi at approximately $126 million.
M&C
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