January 22, 2015 / 7:12 AM / 3 years ago

UK tool firm HSS Hire sets price range for market listing

LONDON, Jan 22 (Reuters) - British tool and equipment-hire company HSS Hire Group has set a price range of 210-262 pence per share for its London initial public offering as it seeks to raise gross proceeds of 103 million pounds ($155.8 million), the firm said on Thursday.

At the mid-point of the price range the business would have a market capitalisation of around 365 million pounds. The offer is being handled by JP Morgan, with Numis Securities as joint bookrunner and Berenberg as co-lead manager.

Final pricing is expected on Feb. 4.

$1 = 0.6612 British Pounds Reporting by Freya Berry; editing by Jason Neely

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