Grocery supplier Princes set to price London IPO at lower-end of guidance, Bloomberg News reports

Newprinces SpA

30/10/2025 09:17

Oct 30 (Reuters) - Grocery supplier Princes Group's London IPO is expected to be priced at 475 pence, the bottom of its marketed range, Bloomberg News reported on Thursday, signaling investor caution as the city seeks to revive its primary market.

The company, owned by Italian food and drinks maker NewPrinces NWLF.MI, said earlier this month that it plans to raise 400 million pounds ($536.84 million) in its IPO and expected shares to be priced between 475 and 590 pence.

Reuters could not immediately verify the report.

($1 = 0.7451 pounds)

 (Reporting by Yamini Kalia in Bengaluru; Editing by Sonia Cheema)

 ((Yamini.Kalia@thomsonreuters.com))