Saga set for £2.2billion stock market listing
OVER-50s insurance and holiday group Saga is set to be valued at about £2.2billion when it lists on the stock market later this month.
Although that is lower than the £2.5billion valuation expected Saga said it was experiencing “exceptional” demand for its shares.
The shares will be priced at between 185p and 205p.
Management, led by executive chairman Andrew Goodsell, is understood to be cautious because of the share-price slides experienced by recent entrants such as discounter Poundland.