PF Archive

Infrastructure funds

17 12 2010

Laing fund hits target size John Laing Infrastructure Fund has reach­ed its target size of £270 million ($425 million) for its initial public offer­ing (IPO). The offer attracted strong in­ter­est from retail and institutional invest­ors, and as a result John Laing In­vest­ments Limited has only subscribed for about 23.1% of the ordinary shares issued at launch. Following a book-building process, the fund placed 270 million ordinary shares of £0.0001 each at an issue...