UK’s OneSavings Bank valued at $692 million in London IPO-Reuters


(Reuters) – British lender OneSavings Bank has set the offer price for its London initial public offering at 170 pence a share, valuing it at 413 million pounds ($692 million), the business said on Thursday.

The statement confirmed a Reuters report on Wednesday that the lender would price at the bottom of its price range of 170-225 pence a share. The listing will raise gross proceeds of 134 million pounds, OneSavings said, of which the lender will receive 41.5 million pounds.

Take your pick!

  • Buyouts delivers exclusive news and analysis about private equity deals, fundraising, top-quartile managers and more. Get your FREE trial or subscribe now.
  • VC Journal provides exclusive news and analysis about venture capital deals, fundraising, top-quartile investors and more. Get your FREE trial or subscribe now

Sign up to our Newsletter

Receive updates from our PE HUB Wire and Top Stories of the Week newsletters:

We will not send you spam, and we don't share your email address with 3rd parties.