Ithaca Energy is expected to price its listing on the London Stock Exchange at the lower end of guidance as market volatility deters investors. The North Sea oil and gas group, which is owned by Israeli conglomerate Delek Group, is expected to price its shares between 250p and 270p, down from a previous range of 250p to 310p. The lower price would give it a market value of £2.5billion, having already secured enough orders to cover the float. London float: Ithaca Energy, which is owned by Israeli conglomerate Delek Group, is expected to price its shares between 250p and 270pShares are due to start trading tomorrow. The firm is planning to raise up to £310million through the float.

Source: Daily Mail November 08, 2022 10:25 UTC