RHM, maker of Hovis bread and Mr Kipling’s pies has raised £475m of gross proceeds as a result of its initial public offering.
The company’s share price has been set at 275p.
Commenting on the Global Offer, Ian McMahon, chief executive of RHM, said: “We are delighted that RHM’s IPO has attracted such strong support among leading UK and international institutional investors. We have a clear strategy to continue RHM’s transformation into the leading UK focused food company and we are determined to create value for our shareholders by executing this strategy successfully.”
The company’s share price has been set at 275p.
Commenting on the Global Offer, Ian McMahon, chief executive of RHM, said: “We are delighted that RHM’s IPO has attracted such strong support among leading UK and international institutional investors. We have a clear strategy to continue RHM’s transformation into the leading UK focused food company and we are determined to create value for our shareholders by executing this strategy successfully.”
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