date:Mar 13, 2014
Conditional trading of Poundland shares begun this morning, and Europe's biggest single-price retailer set the price of it's Initial Public Offering (IPO) at 300p a share.
This price places Poundland shares at the very top of its initial price range, valuing the company at 750 million.
The company believe that the flotation will raise 375 million, and this would see private equity firm Warburg Pincus reduce its stake in the British retailer.
Investors didn't shy away from the top end listing