Consumer publisher Future Network has revealed investors will be able to snap up its shares for £3.85 each when it makes its debut on the London Stock Exchange this week. This values the group at £577.5 million. 30% of Future will be offered in the flotation this Friday, with 38 million new shares expected to raise about £133 million for the publisher.
Another 7 million shares will be sold by existing investors, which include venture capital group Apax and Future’s founder and executive chairman Chris Anderson.
Future Publishing: 01225 442244
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