Crest moves towards 220p pricing

12 Feb 2013

Crest Nicholson, the UK housebuilder, is set to price a £250m London IPO at the top of the revised price range on Tuesday evening.

Books were closed on Tuesday afternoon following a last message to investors that orders below 220p risked missing out. That was the top of a range, revised on Monday morning, of 210p-220p from an initial range of 195p-230p.

Pricing is due out on Wednesday morning.

Barclays and HSBC are joint ...

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