A massive 75% rise in share value for The Innovation Group on the back of private equity interest saw the Finextra50 Financial Technology Index close higher again last week, ending Friday up 3.5% to 59.96
The Innovation Group, a UK provider of insurance outsourcing services and software was the weeks biggest gainer, with shares jumping 75.72% to 7.89p after it confirmed an expression of interest at 15p a share from private-equity firm Carlyle Group.
Other companies to see significant gains include:
Only one company dropped more than five per cent last week and that was S1, which ended Friday down 10.25% to $4.99.
More information on the Finextra50 Financial Technology Index methodology and constituent stocks can be found here.