Biffa allays fears that float will be binned, but cuts offer price amid volatile listings market

Waste management firm Biffa has slashed the price of its stock market flotation, but will press ahead with the listing allaying fears that it could be binned.
Biffa said it will pull the trigger on an initial public offering which will see it raise £262million, but has cut the offer price to 180p a share, down from an initial range of 220p-270p, after investors got the jitters about a volatile listings market.
The move comes after financial software giant Misys was forced to slash the price of its stock market float by up to 30 per cent. 
Misys is planning to list its shares in London next... read more

17 October 2016 in Business, Views: 32
Source: Daily Mail

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