Gulf Marine Services sets offer price at 135 pence for IPO

LONDON, March 14 Fri Mar 14, 2014 3:06am EDT

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LONDON, March 14 (Reuters) - Abu Dhabi-based Gulf Marine Services set the price for its flotation at 135 pence per share on Friday, giving the firm a market capitalisation of around 472 million pounds ($787.1 million).

GMS expects to raise 66.9 million pounds in total from the offer, with conditional trading opening at 0800 GMT on March 19.

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