Electra-backed Hollywood Bowl to raise £181M in IPO
September 19, 2016
Leisure Facilities | Hemel Hempstead, UK | IPO
British bowling operator Hollywood Bowl has priced its IPO, planning to sell roughly 113 million shares on the London Stock Exchange under the ticker symbol BOWL for 160 pence apiece. The offering is expected to raise £181.3 million and would give the company a market capitalization of £240 million. Electra Partners has owned Hollywood Bowl since acquiring its parent company for £91 million in 2014; the firm will own roughly 18% of the issued ordinary share capital upon completion of the IPO.