Convatec sets IPO offer price at 225 pence a share

British medical products firm Convatec on Wednesday said it had raised nearly 1.5 billion pounds in a stock market listing after the offer was priced at 225 pence per share. The final price is at the bottom end of the range after the deal generated shallow support from investors, confirming a Reuters story late on Tuesday. Convatec said in a statement that its total market capitalisation when the stock starts trading will be 4.39 billion pounds.