Flotation will value Manchester law firm at £366m

Andrew Leaitherland
Manchester law firm DWF has this morning announced the offer price of its upcoming flotation which values the business at approximately £366m. It will raise £75m for the company while existing shareholders will earn £20.2m with nearly 26% of the company being owned by investors. The firm’s 300m shares will be priced at 122p per share. It makes it the biggest flotation of any legal practice. The move comes just eight months after law firm Knights set a new record. The firm was valued at £103.5m and the flotation netted a £... For the full story register now for free or login below...