UK - 3i and Oak Hill-backed Telecity to float
3i and Oak Hill Investors are listing data centre operator Telecity Group on the main market of the London Stock Exchange. The IPO is pricing Telecity shares at 220p each, representing a market capitalisation of £436m. The flotation of Telecity follows a number of pulled IPOs recently. TA Associates-backed SmartStream and Lion Capital-owned Wagamamas are amongst the businesses that had scheduled listings but decided against it due to unfavourable market conditions.
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