Food Supplier Princes Set to Price London IPO at Bottom of Range

Princes Group Plc’s initial public offering is expected to price at the bottom of the marketed range, indicating caution as London seeks to revive its listings market.

The shares are expected to be offered at £4.75 apiece, according to terms seen by Bloomberg. They had been marketed at £4.75 to £5.90.

Princes could be one of London’s largest offerings in recent years, with the company seeking to raise £400 million ($527 million) for an acquisition spree. The listing comes alongside Shawbrook Group Plc, which starts trading on Thursday.

Princes, a subsidiary of Milan-listed NewPrinces SpA, sells nearly ...