Prime pulls back and cuts size but gearing remains on track

UK healthcare property firm Prime was forced to delay the pricing of its IPO and reduce the deal size from £200m to around £170m on Thursday in a bid to complete the deal.

  • 12 Nov 2010

Prime, which has Evolution Securities and JPMorgan Cazenove as bookrunners, lowered its offer price from a range of 210p-250p to a fixed price of 190p a share in a bid to win over investors.

As EuroWeek went to press, it remained unclear whether the extension of bookbuilding and change ...

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