Jupiter valued at £755m after 2x oversubscribed IPO

Jupiter's IPO has been more than 2.5 times oversubscribed after a strong take-up from both institutional and retail investors.

The offer price of Jupiter's IPO has been set at 165p per ordinary share, which comes in at the lower end of the 150p to 210p range it set ahead of publishing its prospectus earlier this month. However, Jupiter has been buoyed by the support received from both blue-chip companies and retail investors, which has come in an environment where very few IPOs have been successfully launched across Europe. Conditional dealings have commence on the London Stock Exchange today under the ticker symbol JUP, with the shares already up at 176.25p. Unconditional dealings commence in five days time....