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Network International IPO price narrows to 430–450 pence a share

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By Reuters

LONDON (Reuters) – Payments firm Network International, set to be London’s biggest initial public offering of the year so far, will be priced at between 430 pence and 450 pence per share, the bookrunner said on Monday.

The range was narrowed from a previous range of 395 pence to 465 pence per share and books are “multiple times oversubscribed throughout this price range”, Morgan Stanley said.

(Reporting by Simon Jessop; editing by Carolyn Cohn)