On The Beach goes public with £240m value
Date added:
23/09/2015
ONLINE discount holiday provider On The Beach is raising around £90m and will be valued at £240m when it floats on the stock market. Conditional dealing in shares will begin this morning at a price of 184p. The lion's share of the proceeds (£83.8m) of the placing of 52.1 million shares will go to the Cheadle company's private equity owner, Inflexion, the management team and other investors. After the listing Inflexion will retain a shareholding of around 37.1% of the business, while founder and chief executive Simon.....
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