Soft drinks company Britvic has gone public. The company floated this morning at 230p per share. This was in the middle of the expected range and values the company at £494m.
The maker of Tango and J20 drinks originally said that it planned to float in a four-year window between 2005 and 2008. It chose to move now in order to take advantage of a rising stock market.
Britvic chief executive Paul Moody said: “We are delighted that the global offer has been so well received and we welcome the new shareholders. The high level of interest demonstrates that investors recognise the potential within Britvic and have confidence in our ability to drive future growth.”
The maker of Tango and J20 drinks originally said that it planned to float in a four-year window between 2005 and 2008. It chose to move now in order to take advantage of a rising stock market.
Britvic chief executive Paul Moody said: “We are delighted that the global offer has been so well received and we welcome the new shareholders. The high level of interest demonstrates that investors recognise the potential within Britvic and have confidence in our ability to drive future growth.”
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