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The Guardian - UK
The Guardian - UK
Business
Nick Fletcher

Virgin Media makes its London debut

The Virgin brand is back on the stock market this morning, with cable company Virgin Media making its debut in London.

The business has gone for a secondary listing on the London Stock Exchange - its main quote will still be on New York's Nasdaq - and in early trading it has moved from an opening 872p a share to 894p.

Virgin Mobile was the last company with the Virgin name to be quoted in London in 2006, while Sir Richard Branson's Virgin group famously went public for a while in the 1980s before the tycoon decided to take it private again.

Branson now owns 6.5% of Virgin Media, having cut his holding by more than a third earlier this year.

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