TD clients capitalise on direct line share price rise in early trading

Stuart Welch, CEO, TD Direct Investing comments: "The strong interest we have seen in the Direct Line Insurance Group plc (Direct Line Group) IPO by TD clients has continued following the start of conditional trading today.

"Direct Line Group shares opened on the market this morning at a price of 175p each - valuing the company at £2.6 billion - and proceeded to increase to 185.25p each by midday.  

"During this period, TD clients have made Direct Line Group their second most popular buy and top sell of the morning. As at 12 noon today the buy:sell ratio stood at 1:2.5, indicating that some clients have opted to take a quick return on their investment.

"This IPO has certainly captured investor interest since the intention to float was first announced on 14 September 2012. During the open offer period a significant number of investors applied to take part through TD Direct Investing with the average order by TD clients at approximately £5,000."

Unconditional dealing will continue until Direct Line Group shares are fully listed to the market with no further conditions. This is expected to take place at 8am on Tuesday, 16 October at which point any trades that have been placed can be settled.

The value of your investments can go down as well as up. You may not get back all the funds that you invest.

For more information clients can log on to tddirectinvesting.co.uk.