OneSavings set for a 170p stock market debut
MIXED fortunes experienced by newly floated companies have prompted OneSavings Bank to value its planned stock market listing at the bottom of the expected range.
Its shares are expected to be priced at 170p each today, valuing the company at £413million.
One of the so-called challenger banks seeking to take on the big high street lenders, OneSavings is owned by US private equity firm JC Flowers.
When it first announced its flotation plans it targeted a price range of 170p to 225p a share.