Market jitters hit two of London's biggest listings

Market jitters hit two of London's biggest listings
 

Waste management company Biffa and banking software giant Misys have been forced to dramatically scale back their ambitions after the sharp fall in the pound as would-be buyers of their shares drive a harder bargain following the sharp fall in the pound.
Biffa yesterday priced its shares at 180p for a £450million market value, well down on the expected price range of 220- 270p which would have valued it at up to £675million.
Meanwhile, Misys is likely to have to knock about £1billion off its proposed £4.5billion valuation as it moves towards a return to the stock market after four years.... read more

 
17 October 2016 in Business, Views: 43
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