Price for Card firm narrows
RETAILER Card Factory has narrowed the price guidance on its London initial public offering to £2.25 to £2.40, two sources familiar with the deal said yesterday.
The new guidance, at the lower end of the original price range, gives Card Factory an equity value of £767m to £804m, according to the sources .
Books for the company, which is owned by Charterhouse, are due to close today.