PropertyEU

Vector cuts IPO price range by 20%

By A staff reporter 2007-06-06T00:00:00

Vector Hospitality cut the price range of its flotation on Wednesday from 995p-£11.15 to 875p-900p, after insufficient interest from investors. Vector, which is planning to convert to the UK's first hotel real estate investment trust (REIT) once it has floated, had to lower the price range by about 20%, despite ...

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