Hastings unveils £180m share IPO

The entrance to the London Stock Exchange

Hastings Group has confirmed plans to seek a London Stock Exchange listing and raise £180m.

The deal, expected to take place in October, will involve at least 25% of shares being floated freely on admission to the stock exchange.

The company confirmed that the development will involve the sale of a portion of the existing shares currently held by shareholders including Goldman Sachs, as well as by founders and management.

The business further specified that net proceeds will be used to redeem a

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