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McCarthy & Stone valued at £967m in London listing

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Published Sun, Nov 8, 2015 · 09:50 PM

London

McCARTHY & Stone Plc, Britain's biggest builder of homes for retired people, said its London debut had been priced at 180 pence per share, valuing the business at £967 million (S$2 billion).

Shares in the company rose 13.5 per cent to 204.21 pence in conditional trading on Friday as investors bet on further gains in the UK's strong residential property market.

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