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Skrill prices its IPO
Online payments provider Skrill plans to sell shares at between 235p to 335p in a London listing to raise up to £184m, two people close to the deal said yesterday. The IPO, which is expected to be completed in the week beginning 11 April, will see £80m of new shares sold and £80m of shares sold by existing investors, the sources said. There will also be an over-allotment option of 15 per cent. Skrill is majority owned by private equity group Investcorp Technology Partners, which will be among those selling shares in the offering, along with management.