Boots moves closer to London float but billionaire Westons circle

cityam06-16

Boots is weighing up either a sale or a London IPO With one potential suitor out of the running, high street titan Boots is moving closer to a London float, a move that would mark a return to the FTSE...

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href=https://www.cityam.com/boots-drifts-closer-to-london-float-but-billionaire-westons-circle/><strong>cityam</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Boots is weighing up either a sale or a London IPO With one potential suitor out of the running, high street titan Boots is moving closer to a London float, a move that would mark a return to the FTSE...</p>\n\n<a href=\"https://www.cityam.com/boots-drifts-closer-to-london-float-but-billionaire-westons-circle/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IPO","symbol_name":"Renaissance IPO 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Healthcare, an Australian pharmacy giant, from talks over a potential 7.5bn takeover on Monday, leaving only the billionaire Weston family in the running for a private sale.The other option on the table for Boots is an initial public offering  in London in what would be a welcome move at a time when a host of big-name listings are either crossing the pond to New York or being taken off the market entirely by private buyers.Paddy Power owner Flutter became the latest London listing to ditch the capital for New York last week, after it abandoned its secondary listing in the UK to pursue an expansion in the US.","collect":0,"end_time":0,"defaultTopTitle":"cityam.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"IPO":"Renaissance IPO ETF"},"translate_title":"Boots距离伦敦上市又近了一步，但亿万富翁韦斯顿圈子","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"IPO":1},"content_text":"Boots is weighing up either a sale or a London IPO With one potential suitor out of the running, high street titan Boots is moving closer to a London float, a move that would mark a return to the FTSE 100 for one of the UK’s biggest retailers and deliver a major boost to UK capital markets.The 177-year-old British pharmacy saw the withdrawal of Sigma Healthcare, an Australian pharmacy giant, from talks over a potential £7.5bn takeover on Monday, leaving only the billionaire Weston family in the running for a private sale.The other option on the table for Boots is an initial public offering (IPO) in London in what would be a welcome move at a time when a host of big-name listings are either crossing the pond to New York or being taken off the market entirely by private buyers.Paddy Power owner Flutter became the latest London listing to ditch the capital for New York last week, after it abandoned its secondary listing in the UK to pursue an expansion in the US.\n\nBut Boots, which has operated in the UK since 1849, could be set to move in the opposite direction. \n\n\n\n\n\n\nNews Updates\nStay ahead with our three daily briefings delivering all the key market moves, top business and political stories, and incisive analysis straight to your inbox.\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nIt emerged in April that the pharmacy and retailer had hired advisers to get the firm into shape ahead of a potential London, which could notch a value as high as £7bn.Sigma’s departure from sales talks has strengthened the prospect of an IPO for Boots, according to Russ Mould, investment director at AJ Bell.The Australian pharmacy firm’s share price jump on Monday – up more than six per cent to 2.8 Australian dollars (£1.48) – suggests investors saw its potential acquisition of Boots as a “bullet dodged,” Mould said.\n\nHe added that this is more likely to reflect the “risks associated with any big international takeover rather than […] Boots’s own merits as a business.”“A Boots IPO would be a much-needed boost for the London market. There have been several high-profile departures thanks to takeovers or a change in listing venue in recent years and this has been compounded by a distinct lack of fresh blood coming in,” he said.IPO ‘not straightforward’But the retailer has insisted that any talks over a sale or a float are in their very early stages.Retail analyst Nicholas Found cautioned that Sigma’s exit “does not make a Boots IPO straightforward”.\n\nThe pharmacy would need to convince investors that it can support an ambitious valuation in what remains a competitive market, he said.Found added that Boots has “fared better than many legacy retailers in its years away from the London market”.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.45.0","shortVersion":"4.45.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2643273118","isCrawlerRequest":true}