Stay up to date with notifications from The Independent

Notifications can be managed in browser preferences.

Late rush is Taunton hope

Tuesday 14 July 1992 18:02 EDT
Comments

Your support helps us to tell the story

From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.

At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.

The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.

Your support makes all the difference.

ADVISERS to the flotation of Taunton Cider were last night waiting for a late rush of subscriptions ahead of this morning's closing of the public share offer.

Jeremy Prescott, at the merchant bank Samuel Montagu, said: 'It is OK at the moment, but much depends on what happens with the large applications from big institutions that only come in at the very last minute.'

He admitted that life has been made harder for Taunton by the difficult reception other new share issues have received this summer.

Taunton, which makes Dry Blackthorn draught cider, is asking investors for pounds 78m. The shares are priced at 140p, valuing the whole company at pounds 153m.

While the public offer remains in the balance, the placing of shares with institutions received twice as many applications as there were shares available.

Join our commenting forum

Join thought-provoking conversations, follow other Independent readers and see their replies

Comments

Thank you for registering

Please refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in