MarketsCity Of London

Canned Tuna Company Princes Prices London IPO at Bottom of Range

FacebookXLinkedInEmailLinkGiftWATCH: This year has been dismal for London’s initial public offerings market. With fundraising at 30-year lows and notable companies listing elsewhere, we look at why the City’s exchange has been losing appeal.Source: BloombergFacebookXLinkedInEmailLinkGiftGift this articleContact us:Provide news feedback or report an errorConfidential tip?Send a tip to our reportersSite feedback:Take our SurveyNew WindowFacebookXLinkedInEmailLinkGiftBy Pablo Mayo CerqueiroOctober 31, 2025 at 7:24 AM UTCBookmarkSave

Princes Group Plc priced its initial public offering in London at the bottom end of the marketed range, in what will still be the UK’s biggest first-time share sale for a local company in four years.

The firm, known for the canned tuna brand that shares its name, priced its offering at £4.75 per share, raising £400 million ($525 million) to help fund acquisitions. It will give the company a market capitalization of about £1.16 billion.

Source: Original