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Cinven's Spire rises slightly in London stock market debut

Reuters - UK Focus

LONDON, July 18 (Reuters) - British hospital group Spire Healthcare opened up slightly at 211 pence a share in its London stock market debut, after pricing at 210 pence, the bottom of the range and valuing the firm at 842 million pounds ($1.4 billion).

Spire (Other OTC: SPIR - news) , which is owned by European private equity firm Cinven , is raising gross proceeds of 315 million pounds through the sale of new shares. The original price range was 210-300 pence a share, later narrowed to 210-220 pence. (Reporting by Freya Berry, editing by William Hardy)