Xchanging reveals £500m IPO price
Xchanging has announced the offer price for its IPO has been set at 240 pence per ordinary share. This gives a market capitalisation of approximately £493m and a diluted equity value of approximately £525m.
Following a roadshow to investors in the UK, US and Continental Europe, the ordinary shares have been placed with a broad range of institutional shareholders. The order book was many times subscribed
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