Gartmore IPO share price lower than expected

clock

Gartmore Group today announced an offer price of 220p per ordinary share for its initial public offering on the London Stock Exchange, valuing the company at around £676m.

The company cut its initial price range to 220-250p per share from 250-330p per share, with reports saying it is expecting to raise around £340m rather than the original £400m it hoped to raise in ...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on Investment

Partner Insight: Pensions find new sources of long-term cash flows

Partner Insight: Pensions find new sources of long-term cash flows

Insights from Nuveen's 2024 EQuilibrium survey

Romina Smith and Sophie Ballard, Global Client Group at Nuveen
clock 17 January 2025 • 4 min read
Bond yields fall after surprise drop in inflation

Bond yields fall after surprise drop in inflation

Decline in headline CPI rate will come as ‘relief’ to both Treasury and Bank of England

Jonathan Stapleton
clock 15 January 2025 • 2 min read
Gloucestershire Pension Fund invests £30m in homelessness property fund

Gloucestershire Pension Fund invests £30m in homelessness property fund

LGPS scheme invests in Resonance’s National Homeless Property Fund 2

Holly Roach
clock 14 January 2025 • 1 min read
Trustpilot