Liverpool-headquartered Princes Group has this morning confirmed its intention to float on the main market of the London Stock Exchange.
It follows the tinned fish to edible oils group’s announcement last week setting out its expected plans, strategy and ambitions for an IPO.
Princes said the final offer price for the new shares to be issued would be determined following a bookbuilding process.
It is currently expected the float will happen by the end of the month.
Princes intends to target institutional investors and will also offer shares to retail investors.
It is understood Princes expects the IPO to value the group at £1bn. Princes will use funds raise to pursue further acquisitions.
Princes parent New Princes Group (formerly known as Newlat) will retain a majority stake in the business.
Princes Group generated annual revenues of £2.1bn in 2024 with adjusted EBITDA of £122.3m. Its turnover in the six months to 30 June 2025 totalled £964.2m.
It operates across five business units in the tinned food, Italian, fish, oils and drinks categories, producing own label and brands, including Princes, Napolina, Crisp ’N Dry and Naked Noodle, as well as Branston and Flora under licence.
New Princes executive chairman Angelo Mastrolia said last week: “We believe Princes is exceptionally well positioned to deliver sustained organic growth and long-term value creation for shareholders and we are ready to propel Princes Group into its next stages of growth.”