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Jimmy Choo to be priced at 140p a share
ALL EYES will be on how shares in Jimmy Choo trade today as they make their debut on the embattled London stock market.
Jimmy Choo is expected to launch its flotation share price at 140p, putting its value at £546m instead of the hoped for £700m.
Meanwhile, Virgin Money, the challenger retail bank, is still in the market for funds, and institutional shareholders were last night warning that the group’s owners had to be realistic over pricing.
Virgin Money has not announced its price range yet, but sources said it would undoubtedly now come in lower than it would have done before the recent market tumble.