After moving to the London Stock Exchange’s main market in July.
Following a phenomenal 12 months during which its share price has more than doubled, listed venture capital investor Draper Esprit was this morning admitted to the FTSE 250 index.
The admission comes just over a month after Draper moved its listing from London’s AIM to the exchange’s main market, and similarly promoted its secondary listing from Dublin’s Euronext Growth Market to the Euronext Dublin main market.
Draper said the moves as well as the successes of its portfolio had helped increase its liquidity and expose its shares to a far wider group of investors, ultimately prompting its inclusion in the FTSE 250 index reshuffle today.
This time last year Draper’s share price stood at 550p, it has steadily climbed over 100 per cent these last 12 months and today is trading just shy of 1,120p.
Some of that has been prompted by the investor’s successful exits in the last year, which totalled £206m, including the IPO of payments giant Wise, as well as a sharp growth in the valuations of its portfolio companies like Revolut and Ledger.