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Waste disposal firm Biffa cuts flotation price amid Brexit jitters

Discussion in 'Market News' started by Lily, Oct 17, 2016.

  1. Lily

    Lily Forum Member

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    Britain’s second biggest recyler of waste relaunches IPO at reduced price after failing to drum up sufficient investor interest

    Biffa, the waste management company, has cut the price of its flotation due to market nerves caused by worries over the economic impact of Brexit.

    Britain’s second biggest disposer and recycler of waste said it would raise £262m before costs by selling new shares at 180p each. The initial public offering (IPO) of 47.2% of the company will value Biffa at £450m.

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