Just Retirement IPO priced at 225p a share

Shares in the private equity backed enhanced annuity specialist will begin trading today under the ticker 'JRG'.  Gross proceeds from the sale are expected to be in the region of £343m. Just Retirement chief executive officer Rodney Cook said investors had responded positively to the strength of "our differentiated business model and proprietary intellectual property". "We look forward to executing our growth strategy as a listed company and bringing increasing value to our customers and shareholders as we introduce further innovation into the retirement income market," he added. ...