Princes Group Targets £400 Million London IPO to Boost Global Growth and Investor Confidence

Princes Group Plans £400 Million London IPO Amid Market Revival Hopes

London (22 October 2025) — UK-based food and beverage company Princes Group has announced plans to raise £400 million through an Initial Public Offering (IPO) on the London Stock Exchange, aiming to strengthen growth, fund acquisitions, and restore investor confidence in Britain’s sluggish listings market.

According to the company, 84.2 million new shares will be issued, priced between 475 pence and 590 pence each, giving Princes an estimated market valuation of £1.16 billion to £1.24 billion. The IPO marks one of the largest public offerings in the UK’s food manufacturing sector this year, signaling renewed interest in London’s capital markets.

Princes Group — known for household brands including Princes Tuna, Napolina Pasta, and Naked Noodle — reported £2.1 billion in annual revenue and £122.3 million in adjusted EBITDA for the 2024 fiscal year. The company stated that proceeds from the IPO will be used primarily for international expansion, new product development, and strategic mergers and acquisitions (M&A) rather than existing shareholder divestment.

The group’s majority owner, NewPrinces S.p.A., which was acquired by Italy’s Newlat Food Group in 2024, has confirmed its intention to subscribe for up to £200 million in new shares to reinforce long-term confidence in the listing.

Market analysts say the move could breathe fresh life into London’s flagging IPO scene. After a slow two years for public listings, Princes’ debut may encourage other established companies to follow suit. Analysts view this IPO as a potential signal that confidence in the London Stock Exchange (LSE) is gradually returning.

However, challenges remain. High inflation, global economic uncertainty, and cautious investor sentiment continue to weigh on UK capital markets. Experts warn that Princes will need to deliver consistent growth and transparent governance to maintain post-listing momentum.

CEO Simon Harrison described the IPO as “a major milestone” for the company, saying it would “open a new chapter for Princes — enabling greater innovation, market expansion, and shareholder value creation.”

If successful, the offering could position Princes Group as a leading global player in the food and drinks industry. It also represents a positive signal for the UK economy, highlighting that well-established British brands still see opportunity and strength in domestic capital markets despite global headwinds.

The outcome of this IPO will not only define Princes Group’s next phase of growth but also serve as a benchmark for London’s competitiveness in attracting new listings.