Investors on London's AIM exchange reacted positively to the news that the funder's investments in recent years had started yielding a payoff.
October 01, 2020 at 02:08 PM
1 minute read
The original version of this story was published on American Lawyer
Litigation funder Burford Capital reported Thursday that it generated $486 million in cash during the first half of 2020, sending stock prices in London upwards as the company prepares for a public listing on the New York Stock Exchange later this month.
Burford’s shares on London’s AIM exchange rose 7.5% on the news that receivables climbed by 35% compared to the same period in 2019, closing trading at £672.
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Christopher Bogart, chief executive officer, Burford Capital. Courtesy Photo
