4th Mar 2015 10:16
LONDON (Alliance News) - Window, door and roofline PVC products manufacturer and distributor Eurocell PLC on Wednesday priced its initial public offering at 175 pence per share and saw its shares rise in conditional dealings.
Eurocell issued 52.4 million shares in the float, raising a total of GBP91.7 million. The shares issued represent 52.4% of its existing share capital. At the offer price Eurocell has a market capitalisation of GBP175 million.
Shares in the company were up 3.4% on Wednesday to 181.00 pence in conditional dealings.
By Sam Unsted; [email protected]; @SamUAtAlliance
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