Finance
Grocery supplier Princes set to price London IPO at lower end of guidance
Published by Global Banking & Finance Review®
Posted on October 30, 2025
2 min readLast updated: January 21, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on October 30, 2025
2 min readLast updated: January 21, 2026
Princes Group's London IPO is priced at 475 pence, raising 400 million pounds. Trading starts Friday on the LSE, with a greenshoe option available.
(Reuters) -Grocery supplier Princes Group's London initial public offering is expected to be priced at 475 pence, the bottom of its marketed range, terms of the IPO seen by Reuters show, signaling investor caution as the city tries to revive its primary market.
The company, owned by Italian food and drinks maker NewPrinces, is expected to raise around 400 million pounds ($537 million) in the deal, according to the terms, giving it a valuation of around 1.2 billion pounds as flagged on October 22.
Bookbuilding is set to close at 1500 GMT on Thursday and the shares will start conditional trading on the London Stock Exchange on Friday, ahead of settlement and unconditional trading on November 5, the terms show.
There is a so-called 'greenshoe' option to sell a further 20 million pounds worth of shares, according to the terms.
Princes Group owns brands including Napolina and tinned tuna maker Princes.
Its IPO is set to be one of the LSE's biggest in recent years as listing activity ticks up following a barren period for the market.
Alternative lender Shawbrook listed on Thursday at a valuation of around 1.9 billion pounds, while cosmetic-tech company Beauty Tech Group floated earlier this month.
Bloomberg earlier reported the terms of the Princes Group deal.
($1 = 0.7451 pounds)
(Reporting by Yamini Kalia in Bengaluru and Charlie Conchie in London; Editing by Sonia Cheema and Emelia Sithole-Matarise)
An IPO, or Initial Public Offering, is the process through which a private company offers shares to the public for the first time, allowing it to raise capital from public investors.
The London Stock Exchange (LSE) is one of the world's oldest and largest stock exchanges, where shares of publicly traded companies are bought and sold.
A greenshoe option allows underwriters to sell additional shares beyond the original amount offered in an IPO, typically to stabilize the share price.
Market capitalization is the total market value of a company's outstanding shares, calculated by multiplying the share price by the total number of shares.
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