July 9 SSP Group has priced its London float at
210 pence per share, the bottom of its revised range, giving the
owner of Upper Crust and Caffe Ritazza a market valuation of
just under 1 billion pounds ($1.7 billion), the Telegraph
reported on Wednesday.
The price range for SSP's IPO-SSPG.L initial public
listing had be narrowed twice, with the final refined range
being between 210 pence per share to 215 pence per share, the
daily said, without naming sources. (bit.ly/1zpIKWK)
The paper had earlier on Tuesday reported that the food and
beverage company's price range had been narrowed to between 210
pence per share and 230 pence per share, from between 200 pence
per share and 240 pence per share.
SSP, which is headed by retail veteran Kate Swann, could not
immediately be reached for a comment outside of regular business
hours in the UK.
($1 = 0.5877 British Pounds)
(Reporting by Esha Vaish in Bangalore, editing by Louise