10th Nov 2021 16:00
ProCook Group PLC - Waterwells, Gloucester-based direct-to-consumer kitchenware retailer - Sets price for initial public offering at 145 pence, giving a GBP158 million market capitalisation. The price is at the low end of the range of 137p to 185p that ProCook had announced at the start of the month. At the high end, it would have been worth GBP200 million. However, shares rise 1.8% to 147.55p in conditional dealings on the London Main Market on Wednesday. Unconditional dealings begin on Friday. A total of 27.4 million existing shares, 25% of the total, are sold in the IPO, raising GBP39.7 million. ProCook will have a premium listing and be eligible for FTSE index inclusion. "We have been thrilled with the level of interest and support from a range of institutional and retail investors," says Founder & Chief Executive Officer Daniel O'Neill.
By Tom Waite; [email protected]
Copyright 2021 Alliance News Limited. All Rights Reserved.
Related Shares:
Procook Grp