Clipper debuts on stock exchange at £100m

Steve Parkin
Steve Parkin
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CLIPPER LOGISTICS, the Leeds-based company founded by entrepreneur Steve Parkin, has announced the successful pricing of its initial public offering.

The placing has been set at 100p per ordinary share, giving the company a market capitalisation of £100m. Shares will start unconditional trading this Wednesday.

Mr Parkin said: “This is a major milestone in the company’s development and I look forward to the next phase as a publicly listed company with great confidence.”

The public listing fulfils a long-held ambition of Mr Parkin, a former coal miner.