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Loungers listing puts market cap at £185m based on placing price - Foodservice Equipment Journal

Loungers listing puts market cap at £185m based on placing price

Loungers has announced its initial public offering on the AIM by way of a conditional placing, putting  the market capitalisation and enterprise value of the company on admission at £185m and £212m respectively. The chain, which operates 146 restaurants, is placing 41.6m ordinary shares at 200p per share, raising gross proceeds of £83.3m, comprising £61.6m … Continue reading Loungers listing puts market cap at £185m based on placing price