(Reuters) - Financial services company AJ Bell Plc IPO-AJH.L said on Thursday said it set its offer price at 160 pence per share, which would value the company at 651 million sterling ($832.30 million).
The offer will raise net proceeds of about 169.3 million stg for selling shareholders, the company said in a statement.
The UK-based company had given a price range of 1.54 stg to 1.66 stg for the offer after expressing its intention to float the company last month.
($1 = 0.7822 pound)
Reporting by Mekhla Raina in Bengaluru; Editing by Dan Grebler