The Works announces £100m stock market float
Books, toys and stationery retailer The Works is to float on the London Stock Exchange in a listing which values the business at £100m.
The offer price has been set at 160 pence per share and is expected to raise £65.2m, of which £28.5m is for the company and £36.7m for selling shareholders, including Leeds-based private equity house Endless which has backed the company since 2008 and earlier this year rebuffed rumours of a potential float.
The £24.8m of net funds being raised by the company will be used to repay debt.
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