Ithaca Energy logo is seen in this Illustration taken, October 18, 2022. REUTERS/Dado Ruvic/IllustrationLondon listing will be priced at 250 to 310 pence, giving the North Sea oil and gas producer an implied market value of 2.5 billion to 3.1 billion pounds , bookrunners said on Wednesday.
Ithaca, which produced about 66,700 barrels of oil equivalent per day in the first half of the year, is expected to float next week in a rare sign of life in Europe's market for new listings, where activity has plummeted since the outbreak of war between Russia and Ukraine.listing in September ranks as the only other notable initial public offering in 2022 and proceeds from ECM deals in Europe dropped 82% to $8 billion in the third quarter of the year.
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