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Equiniti attracts investors to support upcoming IPO

Discussion in 'Market News' started by Lily, Oct 26, 2015.

  1. Lily

    Lily Forum Member

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    Share registrar company expects to raise around £300m in deal that will value it at between £495m and £600m

    Equiniti, the share registrar company that handles dividend payments for most FTSE 100 companies, has attracted enough interest to support its imminent £500m-£600m flotation, despite growing investor indifference to all but the larger share issues.

    The company’s advisers will price the new shares on Tuesday. Bankers expect thiem to be at the lower end of the 165p-200p price range.

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