Daily Mail

STOCK WATCH

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TIME Out, the iconic listings and city guides publisher, chose a bleak day to make its debut on the Alternativ­e Investment Market.

The shares fell to 139.5p after the company, in which entreprene­ur Peter Dubens is a major shareholde­r, raised £90m last week by selling 60m shares to institutio­nal investors at 150p a share.

The £90m will be used to bolster the loss-making company’s growth plans in ‘digital advertisin­g, e-commerce and Time Out Markets’, and to pay off its debt.

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