First day of trading for Sunderland-headquartered ScS

The Sunderland furniture retailer will raise at least £35m for its private equity owners by trading on the London Stock Exchange.

Sunderland furniture retailer ScS has launched dealings on the London Stock Exchange with hopes to raise £35m for its private equity owners.

The firm’s first market note said that its entire issued ordinary share capital consisting of 40,000,000 ordinary shares of 0.1 pence each will today be admitted, with dealings starting at 8am.
The listing by the company, which employs around 1,400 people across the UK, represents an exit for US private equity firm Sun European Partners LLP, which bought ScS out of administration in 2008.

Read more at Click here / www.trade4x.net