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Bridgepoint set to price London listing at 300-350p a share - bookrunner

Bridgepoint set to price London listing at 300-350p a share - bookrunner
Bridgepoint set to price London listing at 300-350p a share - bookrunner   -   Copyright  Thomson Reuters 2021
By Reuters

– Private equity firm Bridgepoint is expected to price its initial public offering between 300 and 350 pence, a bookrunner on the listing said Monday, giving it a valuation of up to 2.88 billion pounds ($3.97 billion).

Books were multiple times over-subscribed, bookrunner Morgan Stanley said of the IPO, which Bridgepoint announced earlier in July as it seeks to raise money to support its growth plans amid a boom in M&A activity across the sector.

($1 = 0.7261 pounds)