Private equity firm Boundary Capital raises €25m on first day of trading

SHARES in Boundary Capital, the investment vehicle run by Niall McFadden, got off to a flyer on its first day of trading on the Irish stock market.

The company, which joined London’s junior market AIM as well the as the Irish exchange, began trading a €1 yesterday and shot up by as much as 17% to €1.17. They closed up 13% at 1.13 giving the company a value of €60 million.

The company raised €25m in the placing, which was heavily oversubscribed.