Friday, October 31, 2014

Crest Nicholson sets IPO price at 220 pence per share

Wednesday, February 13th, 2013

LONDON (Reuters) – UK housebuilder Crest Nicholson set a price of 220 pence per share for its listing on the London stock market, close to the upper end of the range originally set and valuing the company at 553 million pounds. Crest said on Wednesday it would raise 224.9 million pounds from the offer, comprising of a primary component of 56 million pounds and 168.9 million pounds from the secondary share sales of certain existing shareholders including Varde Investment Partners and Deutsche Bank AG . Conditional dealings will begin on the London Stock Exchange at 0800 GMT on Wednesday. …

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