Biffa to announce biggest post-referendum IPO in £1bn deal
Giant waste disposers Biffa are set to float on the London Stock Exchange in a deal which could value the firm at more than £1bn, according to reports.
The initial public offering (IPO) could raise £300m for the firm to launch an expansion drive, Sky News reported this evening, in the biggest float for the London market since the EU referendum.
The firm, which was restructured in the wake of the financial crisis, is expected to make a formal announcement tomorrow, with some employees also lined up to receive a holding in the company.
The news comes after Esure announced plans to spin off its Go Compare business and experts said there could be a flurry of IPO activity in London over the final three months of the year.