By Sally Watson, 19 July 2000 12:20
NEWS South African company Dimension data (Didata) debuted on the London Stock Exchange (LSE) this morning, raising over £800m in extra financing. Shares opened 520p each, rising over six per cent to 553p by mid-morning. According to Didata, shares were more than four times oversubscribed. The IT services giant announced its intention to move its primary listing to London last month, to increase its profile and avoid South African exchange controls. The company remains domiciled in its home country because of the more favourable tax regime.
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