Jimmy Choo expected to join FTSE 250
Jimmy Choo is expected to join the FTSE 250 index, just one month after its initial public offering (IPO).
Jimmy Choo
230.00p
16:30 30/10/17
Personal Goods
15,614.86
17:14 18/04/24
The luxury shoe maker started trading in London in October after pricing its flotation at the bottom of its price range at 140p.
The FTSE Group is expected to announce Jimmy Choo’s move at its quarterly index review later on Wednesday.
Other companies will also be joining the mid-cap index, such as Greggs, Spirit Pub Group and CLS Holdings.
Darren Hepworth, director of global trading at TD Direct Investing commented: “With a recovering economy and an increase in consumer spending during the holiday season, it is unsurprising that investor appetite for luxury brands, such as Jimmy Choo, is high.”