OneSavings Bank discounted as worries hit smaller firms

By Andrew Griffin
22 May 2014

OneSavings Bank has offered a discount to its specialist lending competitors as it set its range on Wednesday. The move came as investor sentiment towards listing for smaller UK firms turned shaky.

The deal will put at least 30% of the specialist mortgage and lending company into free float, and value it between £413m and £533m.

Shares will be sold for 170p-225p. That range values the company between 8.5 times and 11 times earnings, with most peers around 13 times. ...

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