As reported by Reuters, HSBC, the sole bookrunner for the initial public offering of online casino operator 888.com, said the books have been “well covered” and might close as early as Tuesday with a price expected to be issued on Wednesday afternoon.
888 Holdings set a price range of 162 pence to 212 pence a share for its float, with a mid-point valuation of the company of about £630m.
In the grey market, IG Index quoted a spread of 178 to 186 pence.
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