Tinned tuna maker Princes floats at nearly £1.2bn in boost for London

The GuardianFriday, October 31, 2025 at 11:15:13 AM
Tinned tuna maker Princes floats at nearly £1.2bn in boost for London
Princes Group, a well-known tinned tuna maker, has launched its initial public offering (IPO) with a valuation close to £1.2 billion, marking a significant boost for the London stock market. The business secretary hailed this move as a 'huge vote of confidence' in the UK economy, despite the shares being offered at the lower end of the target range. This IPO not only highlights the resilience of the food sector but also reflects investor interest in established brands, which could encourage more companies to consider going public.
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