Reuters – Fund firm Jupiter raised 220 million pounds to pay off debt in an initial public offering which had been dogged by weak markets but still secured a valuation in line with London-listed rivals.
In a deal that will secure a 33.5 million pound windfall for fund managers and directors, Jupiter said it was selling shares for 165 pence, towards the bottom of a 150-210 pence range and valuing the London-based firm at 755 million pounds.
