Jimmy Choo stays conservative to ride out choppy markets

By Andrew Griffin
16 Oct 2014

The IPO of luxury accessories firm Jimmy Choo is likely to be priced at the bottom of its price range, bankers said as it closed on Thursday, but the deal is still likely to be hailed as a now rare success in weakening IPO markets.

The deal is likely to price at 140p, the bottom of the original 140p-180p range and the revised 140p-160p one. The bottom of the range will value the company at £546m and put 25% into freefloat. The book is covered throughout the revised range.

Bankers said they were covered throughout the ...

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