NewRiver revives suspended IPO at fraction of value

Reuters – Opportunistic property investment firm NewRiver Retail said on Monday it would list in September with a capitalisation of 25 million pounds, two months after suspending a planned 250 million pounds float.

NewRiver expects its shares to be admitted to London’s Alternative Investment Market on September 1, it said in a statement. The shares would also be admitted to the Channel Islands Stock Exchange.


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