Insurance Post

IPO values Catlin at US$1bn

Catlin Group, has announced an offer price of 350 pence per share for its initial public offering of common shares and their admission to trading on the London Stock Exchange.

At the offer price Catlin will have a market capitalisation of nearly US$1 billion (£539 million).

The total offer of US$304 million (£166 million) includes US$200 million (£109 million) of primary

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