McColl's completes first of many UK retail IPOs of 2014
UK convenience shop group McColl's has raised £132.8m through its London listing, selling 69.544m ordinary shares at 191p each, as the first of a wave of UK retail issuers to complete an IPO in 2014.
McColl’s is a more traditional retailer compared to other IPO candidates such as value retail chain, Poundland or online store, Appliances Online, but bankers say that the local shop model appealed to investors.
“McColl’s is premium convenience shopping,” said one banker in London. “It’s fair to
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