Jimmy Choo sets offer price at 140 pence a share

Jimmy Choo has set its London flotation price at 140 pence a share, the bottom of its indicative range, valuing the company at 545.6 million pounds (USD 877.2 million), the company said on Friday as per Reuters.

Following the listing of 25.9 per cent of the company, owner JAB Luxury will have 70.2 per cent of the issued share capital. JAB will receive gross proceeds of 141 million pounds.

HSBC Bank PLC is acting as joint bookrunner and Germany’s BHF-BANK is acting as co-lead manager.