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.

WSJ Logo
How Trump Got His ‘Big, Beautiful Bill’ Across the Finish LineExternal link

How Trump Got His ‘Big, Beautiful Bill’ Across the Finish Line