Countrywide and Esure IPOs covered, Hellermann sets range
HellermannTyton opened books on a £205m-£250m London IPO on Thursday in a deal which, with no obvious direct peer group, is making potential buyers do their homework. The deal is one of three live in the UK with the other two further ahead in their execution and progressing strongly so far.
The price range of 190p-235p a share values the maker of clips and fastenings for automotive, telecoms and aerospace cables at £410m-£500m, including a £30m (35m) primary portion.
Its a unique business serving a range of industries making the list of potential peers long but unhelpful.
It stretches from the
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