Jupiter valued at up to £868m after unveiling IPO terms

The global offer will comprise of 122.4 million new shares and the sale of between 11.9 million and 58.8 million shares by certain selling shareholders. Assuming a 180p per share mid-point, the new shares will raise gross proceeds of approximately £220m and shareholder sales will raise between £21.5m and £105.9m. In addition, 12.2 million shares may be offloaded by the selling shareholders pursuant to the over-allotment option. Jupiter management and staff will receive between £43.5m and £79.2m, assuming the mid-point price and the over-allotment. TA Associates and Alpinvest Par...