UK's Spire narrows IPO price to lower end of range - sources
16/07/2014 15:06
LONDON, July 16 (Reuters) - UK hospital operator Spire
Healthcare IPO-SPIR.L has narrowed the price guidance on its
London stock market listing to 210-220 pence a share, two
sources familiar with the matter said on Wednesday, valuing the
company at up to 867 million pounds ($1.5 billion).
The narrowed price guidance, which is towards the bottom end
of the original range of 210-300 pence a share, gives the
Cinven-owned CINV.UL firm a value of 842-867 million pounds,
one of the sources said.
Sources told Reuters on Tuesday that books were covered for
the deal. Books are due to close at 1200 GMT on
Thursday. ID:nL6N0PQ5FH
($1 = 0.5834 British Pounds)
(Reporting by Freya Berry; editing by Clare Hutchison)
((freya.berry@thomsonreuters.com; +44207 5420214; Reuters
Messaging: freya.berry.thomsonreuters.com@reuters.net))
Keywords: SPIRE HEALTHCARE IPO