Cinven’s Spire Prices U.K. Stock Sale at Bottom of Range
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Spire Healthcare Group Plc, the U.K. hospital operator controlled by private-equity firm Cinven Ltd., rose on its debut after pricing stock in its 315.2 million-pound ($539 million) initial public offering at the bottom of the range.
Spire sold shares at 210 pence each, the company said in a statement today. The IPO price valued the London-based company at 842.3 million pounds. The shares were offered for as much as 300 pence apiece.