September 1, 2014

Saga IPO attracts interest of 700,000 customers

Saga’s IPO has reportedly attracted the interest of approximately 700,000 customers in what some members of the press are billing as the biggest IPO since Royal Mail.

Saga’s planned listing will be open to retail investors, unlike a number of flotations that have occurred this year. According to the FT, Saga is considering offering up to half of the available shares to retail investors.

Should the IPO go ahead, Saga is estimated to be valued at up to £3bn, putting it on the cusp of the FTSE 100.

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