Tuna firm Princes floats valued at nearly £1.2bn in boost for London market
The Guardian – World —
Business secretary hails IPO as ‘huge vote of confidence’ but stock launches at bottom end of target rangeBusiness live – latest updatesThe tinned tuna maker Princes Group has kicked off a float with a valuation of nearly £1.2bn in a boost for the London stock market.The debut of the shares in the almost 150-year-old company, which is best known for its Princes tinned tuna and Napolina tinned tomatoes, olive oil and pasta, marks a rare bright spot in the UK’s lacklustre market for flotations. Continue reading...