Spire Healthcare announces IPO June 25, 2014 Spire Healthcare Group has announced its intention to float on the London Stock Exchange. The private hospital group's offer will include a proportion of new shares worth approximately £315m. Thye money raised will be used to pay off debts and cover the listing cost. The announcement follows the decision of Spire's private equity owners to [...]
Debate rages over buyout backed IPOs June 24, 2014 PRIVATE equity came under fresh pressure yesterday after another new listing struggled on its debut. Italian ratings agency Cerved, floated by CVC Capital, fell from €5.10 to €4.80 before recovering to €5 on its debut. AA, co-owned by CVC, also suffered weakness after a poor debut on Monday. Veteran investor Jon Moulton said a listing [...]
Don’t single out private equity IPOs: They don’t escape investor scrutiny June 24, 2014 AFTER all too many lean years, it is with much relief that investor appetite has finally returned to the IPO market, particularly here in London. We can speculate as to the reasons why – whether its cause is a spate of viable companies coming to market or the ephemeral notion of market confidence returning. It [...]
Shoe Zone releases positive results following IPO June 24, 2014 After listing as a public company last month, Shoe Zone has released positive initial results. Pre-tax profit rose to £2.7m, a large increase from £200,000 in the first half of the last financial year, and earnings per share rose to 3.7p. There were few signs of disappointment for the UK footwear retailer. Although revenues were [...]
Eircom IPO: Telecoms firm preparing for €1bn float in London and Dublin this autumn June 23, 2014 Eircom, Ireland’s largest telecoms firm, is preparing plans which could see it return to the stock market by September, raising €1bn (£800m) from a dual listing in London and Dublin. The move comes two years after Eircom fell into bankruptcy. It filed for protection from its creditors in 2012 over €3.75bn of debt and was [...]
TSB IPO: Lloyds raises the stakes on bank spinoff June 20, 2014 Lloyds is selling a bigger chunk of TSB than had been expected as the part-nationalised lender takes a bullish approach to spinning off the new challenger bank this morning. The bank is selling 35 per cent of TSB, more than originally expected thanks to a surge in demand. And with shares priced at 260p, firmly [...]
TSB IPO: What you need to know about the float and the new bank June 19, 2014 Strong demand from investors in TSB has led to Lloyds increasing the amount of stock it is offering in TSB. The volume on offer has been increased by 40 per cent on the first morning, with 175m shares offered to the public. Higher than expected interest is raising hopes that Lloyds will meet its target [...]
Zoopla share price jumps more than five per cent at IPO June 18, 2014 Shares in Zoopla, a property aggregating website, have jumped by more than five per cent on the first day of its IPO, up over 230p from an opening price of 220p. Investors have been eagerly anticipating the launch by Zoopla Property Group, which is owned by the Daily Mail And General Trust (DMGT). A float [...]
Wizz Air abandons London IPO June 16, 2014 Low-cost Hungarian carrier Wizz Air has decided not to go-ahead with plans to for an initial public offering on the London Stock Exchange. The company had estimated the IPO would raise €200m. In a statement issued on Monday, Wizz Air said: Despite the positive response to our business story and the Company's growth opportunities and [...]
London IPO frenzy: Investors put off by low quality of new issues June 10, 2014 2014 is well on its way to claiming the crown as the best year on record for initial public offerings (IPO) in London yet dark clouds have started to gather, with one IPO pulled and an underwhelming aftermarket in a number of floats. So where next for the IPO market? At a conference hosted this [...]