Virgin Money IPO boosted

Emma Haslett
Follow Emma
BANKERS working on the flotation of Virgin Money are likely to exercise their “greenshoe” option when it floats later this month.

A source close to the deal said enthusiasm from investors meant the company would sell an extra tranche of shares on top of the initial stake, thought to be 25 per cent, it had been planning to list.

The bank is planning to float at around a 283p to 333p range, valuing the firm at £1.25bn to £1.45bn.

Related articles