Biffa returns to London market with 180 pence per share IPO



Biffa Plc said it had priced its London initial public offering (IPO) at 180 pence per share, giving the waste management firm a market capitalisation of 450 million pounds.
Biffa's listing comes after a string of abandoned IPO plans, with companies blaming volatile markets.
TI Fluid Systems, British energy supplier First Utility, gym operator Pure Gym and German real estate company OfficeFirst have cancelled or postponed IPO plans in recent weeks.
Although stock markets are riding high - normally a good sign for new issues - investors are wary of turbulence amid a faltering global economy... read more

 
17 October 2016 in Business, Views: 35
Source: Reuters
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