London Stock Exchange to become brighter and smellier with two new floats this week October 17, 2016 The London Stock Exchange’s main market is this week set to become a little brighter, but also a bit smellier, thanks to two new floats. Luceco, an LED lighting and portable power manufacturer, and waste management company Biffa both confirmed this morning they plan to float on Thursday. Read more: Biffa set to float next week [...]
Misys cuts float value as Brexit volatility bites October 16, 2016 Financial technology company Misys has been forced to cut the value of its pending market flotation due to Brexit-induced market volatility. The company is the latest in a string of firms that has had to dial back or call off plans to list as a result of the UK’s shock vote to quit the European Union [...]
Private equity firms checking out Pure Gym after company proved not quite fit enough for IPO market October 15, 2016 Private equity firms are believed to have expressed interest in Pure Gym after the company withdrew its flotation plans this week. And the company’s board and US private equity backer, CCMP Capital, are understood not to have dismissed the informal approaches. Read more: Pure Gym avoids overstretch as it pulls the plug on IPO plans [...]
Biffa set to float next week after cutting price to save IPO from scrapheap October 15, 2016 Biffa is expected to float on the London Stock Exchange next Thursday after it cut the price of its initial public offering (IPO). The waste disposal company has managed to avoid pulling its IPO after drumming up enough City interest on Friday. City A.M. understands Biffa is set to announce the flotation is going ahead on Monday. Read [...]
Biffa cuts IPO pricing in bid to keep float away from the scrapheap October 14, 2016 Waste disposal company Biffa has relaunched its initial public offering (IPO) at a cut price after failing to find sufficient investor interest. The company is now offering its shares at 180p, City A.M. understands – down from an original price range of 220p-270p. Read more: Float or sink? London's IPO market is giving off mixed [...]
Mountain Warehouse takes a hike on IPO plans as half-year sales double October 14, 2016 Outdoors retailer Mountain Warehouse abandoned plans to float in London before the EU referendum, the group revealed today. Despite initial discussions showing there was strong investor interest, the company ditched the idea in the early summer. Its decision was confirmed as the better move, a source close to the company said, after the pro-Brexit referendum [...]
Float or sink? These eight companies show how London’s IPO market is giving off mixed signals October 13, 2016 Is London’s flotation market faltering, or is there cause for optimism after an EU referendum hiatus on activity? There have been mixed signals coming from the City this week. Here are some of the big stories from the initial public offering (IPO) market currently: TI Fluid Systems: OFF The Bain Capital-owned auto supplier this morning confirmed it [...]
Biffa determined not to bin London IPO plans despite City struggles October 13, 2016 Biffa is determined to push forward with its flotation plans despite struggles pushing the deal over the line, according to a source close to the waste disposal company. Brexit uncertainty has been cited as a reason for the initial public offering (IPO) struggling to find enough City interest. And the company was in discussions last [...]
TI Fluid Systems has withdrawn its plans for a London listing October 12, 2016 TI Fluid Systems became the latest casualty of uncertain market conditions as it pulled its London listing before it even had to chance to garner interest from cornerstone investors. The Bain Capital-backed group was eyeing up a €600m (£540m) listing. But less than two weeks since announcing its intention to float, sources close to the company [...]