Micro-finance lender to developing countries ASA International priced its initial public offering at 313p per share, implying a market capitalisation of £313m.

The shares made a strong debut on the London Stock Exchange, rising 2.5% to 321p after reaching as high as 330p in early morning trade.

The company looked forward to enhancing financial inclusion among predominantly female micro-entrepreneurs across Asia and Africa, chief executive Dirk Brouwer said. At 3:06pm: (LON:ASAI) share price was +322.08p at 322.08p