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Markets

Skrill sets price range for London listing-sources

Published Updated

LONDON: British online payments provider Skrill Holdings plans to sell shares for 235-335 pence in its up to 184 million pound ($295 million) London listing, two people close to the deal said.

Skrill, operator of online payments system Moneybookers.com, on Monday joined German engineering group Norma and Russian sugar and pork producer Rusagro in opening the order books on a planned float.

The three are the latest in a string of firms testing investor appetite after a bout of volatility canned two of Europe's biggest listings so far this year.

Any signs of investor demand for new listings will be closely watched, given that commodities giant Glencore looks to be pressing ahead with its own mega-float, expected to raise around $10 billion.

Copyright Reuters, 2011

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