Esure launches £500m offer

27 Feb 2013

Esure, the UK motor insurer, launched an up-to £500m IPO on Wednesday, shrugging off the prospect of a lengthy period of market volatility.

The firm had been widely tipped to start pre-marketing towards the end of February after the publication of 2012 results, and went ahead on Wednesday as markets regained poise after being roiled earlier in the week by the results of the Italian general election.

Bank research valuations for the ...

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