Weed love some! Beckham-backed dagga skin cream bends stock market curve
David Beckham (Photo: Getty/Gallo Images) Cellular Goods, which is backed by retired soccer star David Beckham, surged more than fourfold as it started trading in London after raising £13 million (R270 million) in an initial public offering, part of a rush of cannabis-related listings in the City. The stock soared 310% to 20.50 pence at 8:15 a.m. in London from its IPO price of 5 pence. The offering valued the company at 25 million pounds. Cellular Goods, which is developing skin-care and topical creams to provide relief for athletes, said demand for its IPO exceeded the ...
Source: news24.com