Time Out to raise £90 million in London listing

(Reuters) - Time Out Group Plc , the media company that started as a London culture and entertainment magazine, said on Thursday it was raising 90 million pounds ($130 million) in an initial public offering of shares on London's junior stock market. It has conditionally sold shares at 150 pence apiece, and expects to have a market value of around 195 million pounds when they start trading on London's Alternative Investment Market on June 14. Time Out magazine was founded in 1968 by Tony Elliott,