McCarthy & Stone LSE IPO

Overview:

• McCarthy & Stone has undertaken an IPO on the LSE.
• The deal values the company at £967 million or 180p a share.
• The company is aiming to raise £90 million from the listing, which will be used for construction projects.
• Deutsche Bank, Goldman Sachs and Jefferies acted as underwriters.
• McCarthy & Stone is a real estate developer that constructs retirement homes.

Sam Duke - Editor