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UK tool firm HSS Hire sets price range for market listing
January 22, 2015 / 7:19 AM / 3 years ago

UK tool firm HSS Hire sets price range for market listing

LONDON (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, 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 (JPM.N), with Numis Securities as joint bookrunner and Berenberg as co-lead manager.

    Final pricing is expected on Feb. 4.

    Reporting by Freya Berry; editing by Jason Neely

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