esure banks on £1.2bn IPO
esure has set its initial public offering price at 290p a share, valuing the personal lines insurer at £1.2bn.
The price will allow the provider to access the FTSE 250, with esure Group chairman Peter Wood describing the value as a "ringing endorsement of esure's strengths".
It is at the higher end of the range set by the insurer earlier this month, when it confirmed its indicative price range of 240p to 310p per share.
Unconditional dealings in the shares are expected to begin on 27 March.
Last month, esure announced its intention to float on the London Stock Exchange as the news came that it had
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk.
You are currently unable to print this content. Please contact info@insuranceage.co.uk to find out more.
You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@insuranceage.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@insuranceage.co.uk
Most read
- Zurich strikes five-year capacity deal with MGA Freedom Services
- Aviva to open branches in Chelmsford and Southampton
- Pen inks £150m social housing capacity deal with SiriusPoint