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DFS shares priced at lower end of range for stock market debut

Sofa retailer DFS has priced its shares towards the lower end of its range as it makes its debut on the London Stock Exchange today.

GENERAL MERCHANDISE

DFS shares priced at lower end of range for stock market debut

DFS has set a price at 255p per share after previously saying it would price its shares at between 245p and 310p.

This gives the company a market value of £543.2 million on flotation.

Ian Filby, DFS chief executive, said: "We are committed to our vision to take DFS from being a great British business to a world class business.

“We have a clear strategy to broaden our appeal, enhance our service and make our products more accessible to our customers than ever before through a measured programme of store expansion, continued development of our multichannel proposition and constant enhancement of our product range.

“We look forward to further building on our excellent track record of sales, market share growth and cash generation, as the UK's leading retailer of upholstered furniture."  

 

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