Tinned tuna maker Princes floats at nearly £1.2bn in boost for London
by Sarah Butler from World news | The Guardian on (#714ZN)
Business secretary calls IPO huge vote of confidence' but shares are launched at bottom end of target range
The tinned tuna maker Princes Group has kicked off a float with a valuation of nearly 1.2bn in a boost for the London stock market.
The debut of the shares in the almost 150-year-old company, which is best known for its Princes tinned tuna and Napolina tinned tomatoes, olive oil and pasta, marks a rare bright spot in the UK's lacklustre market for flotations.
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