ConvaTec sets IPO offer price at 225 pence a share, bottom of range

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. ConvaTec said in a statement its total market capitalisation when the stock starts trading would be 4.39 billion pounds. The company said it would be admitted to the London Stock Exchange's main market next week after a period of conditional trading starting at 0700 GMT.