Volatile stock market conditions force advisers to company,which once might contain been worth £1.4bn, to launch at 170p a share – valuing it at 1.1bnHastings, or the motor insurer founded by insurance tycoon Neil Utley,has priced its flotation at 170p a share, valuing the group at £1.1bn.
Its shares will begin trading conditionally on Monday morning. Related: Car insurer Hastings valued at up to 1.4bn for imminent float Continue reading...
Source: theguardian.com