Tuna firm Princes floats valued at nearly £1.2bn in boost for London market
Business secretary hails IPO as ‘huge vote of confidence’ but stock launches at bottom end of target rangeBusiness live – latest updatesTinned tuna maker Princes Group has kicked off a...
By Sarah Butler · The Guardian World
Business secretary hails IPO as ‘huge vote of confidence’ but stock launches at bottom end of target range Business live – latest updates Tinned tuna maker Princes Group has kicked off a float with a valuation of nearly £1.2bn in a boost for the London stock market. The debut of the shares in the almost 150-year-old company, which is best known for its Princes tinned tuna and Napolina tinned tomatoes , olive oil and pasta, marks a rare bright spot in the UK’s lacklustre market for flotations. Continue reading...