LONDON (Reuters) - Clydesdale Bank [IPO-CLBP.L] has priced its London stock market listing at 180 pence a share, a bookrunner on the deal said on Monday, valuing the British lender at 1.6 billion pounds.
The price for Clydesdale, currently owned by National Australia Bank (AX:NAB), values the business towards the lower end of the original range of 175 pence to 235 pence a share. Trading is due to start on Tuesday.