Princes Group, the 150-year-old food and drink manufacturer best known for Princes Tuna and Branston Beans, made its stock market debut in London this morning with a market capitalisation of £1.16 billion, following an IPO price of 475p per share.
The Liverpool-headquartered company, which employs around 7,000 people, becomes one of the largest UK listings in recent years, marking a significant boost for the City’s IPO market after a period of subdued activity.
Simon Harrison, Chief Executive of Princes Group, hailed the flotation as a landmark moment for the company:
“Today marks a defining moment in Princes Group’s journey as we proudly begin our chapter as a publicly listed company. This milestone is a testament to the strength of our brands, the dedication of our people, and the trust placed in us by customers and partners across the globe.
For nearly 150 years, Princes has been synonymous with quality, value, and innovation in food and drink. Our listing reflects not only our heritage but also our ambition for future growth.”
Harrison added that the company will continue to focus on expanding its international presence, deepening category leadership, and delivering sustainable long-term value for shareholders and stakeholders alike.
The listing comes just a day after specialist lender Shawbrook also made its market debut, with its shares rising 6.8% on the first day of trading, signalling renewed investor appetite for new UK listings.
