November 15, 2017 / 7:34 AM / a year ago

Buyout company Landscape Acquisition Holdings raises $500 million via IPO

LONDON (Reuters) - Buyout company Landscape Acquisition Holdings Limited has raised $500 million (380.5 million pounds) via an initial public offering, the firm said on Wednesday.

The British Virgin Islands company said it plans to use the funds to acquire a target company or business likely with a real estate component, with all or a substantial part of its activities in North America or Europe.

Conditional dealing in the company’s shares is expected to start on the London Stock Exchange at 0800 GMT on Friday, under the ticker symbol LAHL. The offering includes $484 million in ordinary shares at $10 each, and a further $16 million in founder preferred shares.

Reporting by Emma Rumney, Editing by Lawrence White

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