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Important information: The value of investments can go down as well as up so you may get back less than you invest. Investors should note that the views expressed may no longer be current and may have already been acted upon. This is a third-party news feed and may not reflect Fidelity’s views.

Princes Group confirms London IPO

Fri 10 Oct 2025 07:35

(Sharecast News) - Princes Group is to debut on the London market, the canned food specialist confirmed on Friday, as it looks to fund an acquisition spree. The British food and drinks group said in a brief update that it would proceed with its mooted initial public offering, and would apply for admission to the main market later this month

Pricing will be decided following the bookbuilding process, but Princes confirmed proceeds would be used to fund "further inorganic growth via acquisitions".

According to media reports, the Liverpool-based company - which is owned by Italian food group NewPrinces - is seeking a valuation of around £1.5bn.

The London Stock Exchange has longstruggled to attract IPOs amid fierce overseas competition, particularly from New York.

However, it has seen a spate of IPO announcements this autumn. Beauty Tech Group debuted earlier this month, while specialist lender Shawbrook confirmed its listing plans this week.

Founded in 1880, Princes was acquired in 2024 by NewPrinces, then called Newlat Food, from Japan's Mitsubishi Corporation. As well as its branded Princes goods - including fish and fruit - the UK firm owns Napolina, Branston and Flora, among others.

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