Volatile stock market conditions force advisers to company, which once might have been worth £1.4bn, to relaunch at 170p a share – valuing it at £1bn
Volatile stock market conditions have forced advisers to Hastings, the motor insurer, to relaunch the company’s flotation at a cheaper price.
Bankers said yesterday that the float, which at one point might have valued the company at £1.4bn, is being relaunched at 170p a share, which would value it at around £1bn.
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