Tinned tuna maker Princes floats at nearly £1.2bn in boost for London
Business secretary calls IPO ‘huge vote of confidence’ but shares are launched at bottom end of target range
The tinned tuna maker Princes Group has kicked off a float with a valuation of nearly £1.2bn in a boost for the London stock market.
The debut of the shares in the almost 150-year-old company, which is best known for its Princes tinned tuna and Napolina tinned tomatoes, olive oil and pasta, marks a rare bright spot in the UK’s lacklustre market for flotations.