Insurance Post

Conditional dealings commence as Hastings IPO is priced at 170p per share

gary-hoffman-hastings

Hastings has confirmed the pricing of its initial public offering of 123,529,412 shares at 170 pence per share at a market capitalisation of £1.12bn.

The offer is expected to raise total gross proceeds of approximately £210m assuming no exercise of the over-allotment option, and £231m assuming exercise in full of the over-allotment option.

Hastings

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