Jupiter valued at £755m as IPO oversubscribed

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 initial public offering has been set at 165p per ordinary share, which comes in at the lower end of the 150p to 210p range it outlined 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 commenced on the London Stock Exchange last week under the ticker symbol JUP, with the shares rising to 176.25p in early deals. Uncondition...