Merlin Entertainments Gains on Debut After $1.5 Billion IPO
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Merlin Entertainments Plc, the private-equity backed owner of Madame Tussauds, rose in its London trading debut after raising about 957 million pounds ($1.5 billion) in an initial public offering.
The shares gained as much as 13 percent and were up 9.4 percent at 344.75 pence as of 11:35 a.m. in London. They were priced at 315 pence, near the top of an original range of 280 to 330 pence. The amount raised could increase to 1.05 billion pounds including a so-called over-allotment option, Merlin said in a statement.