Partnership valued at £1.5bn for IPO
Partnership Assurance Group, the enhanced annuity specialist, has set its offer price at 385p per share meaning its implied market capitalisation for its initial public offering (IPO) is £1.5bn.
It is expected the group will be eligible for inclusion in the FTSE 250 index from September and conditional dealings on the London Stock Exchange are due to start today at 8am. Its offer size of £485m,...
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