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UK's Spire narrows IPO price to lower end of range - sources
July 16, 2014 / 2:15 PM / 3 years ago

UK's Spire narrows IPO price to lower end of range - sources

LONDON, July 16 (Reuters) - UK hospital operator Spire Healthcare has narrowed the price guidance on its London stock market listing to 210-220 pence a share, two sources familiar with the matter said on Wednesday, valuing the company at up to 867 million pounds ($1.5 billion).

The narrowed price guidance, which is towards the bottom end of the original range of 210-300 pence a share, gives the Cinven-owned firm a value of 842-867 million pounds, one of the sources said.

Sources told Reuters on Tuesday that books were covered for the deal. Books are due to close at 1200 GMT on Thursday. ($1 = 0.5834 British Pounds) (Reporting by Freya Berry; editing by Clare Hutchison)

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