The news comes as the company published its prospectus and revealed the price range for its IPO.
The price range for the offer has been set at 475p to 590p per Ordinary Share, implying an estimated market capitalisation of between approximately £1,162 million and £1,243 million.
Princes Group also confirmed its intention to trade on the main market of London Stock Exchange.
The offer comprises up to 84,210,526 new ordinary shares to raise primary capital of up to £400m to support the company with further inorganic growth via acquisitions, it said.
Headquartered in Liverpool, Princes Group operates 23 production facilities and owns brands such as Princes, Napolina, Branston, and Flora.
The offer is targeted to certain institutional investors in the UK and outside the USA as well as retail investors resident in the UK only.
There is a minimum application size of £250 per retail investors and the latest time and date for receipt of applications for the Retail Offer is 4:30pm on 30 October 2025.
NewPrinces S.p.A., the company’s major shareholder, has indicated its intention to apply to subscribe for up to £200 million of ordinary shares in the Offer.
The company appointed BNP Paribas, Rabobank, Peel Hunt, and UniCredit as joint global co-ordinators and joint bookrunners; and Société Générale as joint bookrunner in the event that the offer proceeds.
This announcement follows a proposal made by the company at the beginning of October with Princes Group CEO Simon Harrison saying a listing on the London Stock Exchange was a “a natural next step” for the business.
Princes was acquired from Mitsubishi Corporation by Newlat in 2024 for £700 million, prompting a rebrand for its parent company to ‘New Princes Group’.
In the year to 31 December 2024, it generated £2.1 billion in pro-forma revenue. According to its latest Companies House accounts (9 months ending 31 December 2024), it currently employs around 2,227 people (including temps).
