News24.com | Weed love some! Beckham-backed dagga skin cream bends stock market curve
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…