Bytes Technology sets range for London flotation

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By Aidan Gregory
01 Dec 2020

Bytes Technology, the UK cyber security and cloud services firm, has set the price range for its IPO on the London Stock Exchange, valuing the company at up to £692m.

In a regulatory filing on Tuesday, Bytes Technology said the terms for the IPO had been fixed at 240p to 290p a share, implying an initial market capitalisation of £574m to 692m.

The flotation, which will spin Bytes Technology off from its South African parent Altron, consists ...

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