Last week, the company pulled out of plans for an initial public offering because of adverse conditions. The source said Punch, the second largest pub operator in the UK, would now list at 230 pence per share instead of the previously anticipated 250 pence to 300 pence.
UK: Punch to go ahead with offering
Inside sources have said that the UK pub operator, Punch Taverns, will go ahead with its planned listing on the London stock exchange but at a reduced size and initial share price.