Insurer eyes £1bn-plus flotation

Insurer esure is to seek a valuation of more than £1 billion under newly disclosed pricing plans for its forthcoming stock market flotation.

The owner of Sheilas' Wheels and half of comparison website Go Compare expects shares to be priced at between 240p and 310p, giving it a mid-point valuation of £1.15 billion and enough for a place in the FTSE 250 Index.
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