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London Shares - Princes London IPO meets lukewarm reception from investors
Princes, a manufacturer of tinned fish, chopped tomatoes and cooking oil, priced its shares at 475p, at the bottom of the range, giving it a market capitalisation of £1.16bn compared to early hopes of ...
Princes Group launches London Stock Exchange float with £1.16bn valuation
Food gjant Princes Group has begun its London stock market float with a valuation of £1.16bn. The nearly 150 year old company, renowned for its Princes Tuna and Napolina brands, will be valued at the ...
LONDON MARKET OPEN: FTSE 100 falls from record as house prices rise
The FTSE 100 index opened down 31.25 points, 0.3%, at 9,728.81. The FTSE 250 was down 23.39 points, 0.1%, at 22,252.89, and the AIM All-Share was up 0.49 points, 0.1%, at 770.29.
Princes Group prices London IPO at bottom end of range
The Liverpool-based business, which makes Branston beans, had set its offer price at 475p, giving the firm a market value of £1.2bn.
Princes Group valued at £1.16bn as food firm launches London float
It will therefore be valued at the bottom end of a £1.16 billion to £1.24 billion target range set out last week.