Shares in McColl's Retail begun conditional trading this morning, with the flotation valuing the convenience store and newsagent chain at around £200 million.
The float is expected to raise about £132.8 million, and unconditional trading will begin on Friday.
Executive chairman James Lancaster said: “The success of this initial public offering is a clear endorsement of the quality of the business and its clear prospects for future growth and profitability.
“It will enable us to accelerate our growth strategy, further enhancing our position in a rapidly growing convenience market.”
He added: "We are pleased to welcome our new shareholders to the company and look forward to our next phase of development as a listed company."
© 2014 - European Supermarket Magazine by Enda Dowling
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