Time Out to raise 90 mln stg in London listing

Time Out Group Plc (IPO-TIME (Xetra: 17T.DE - news) .L), 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 (Other OTC: ITGL - news) 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