- Clipper Logistics has set the price of its initial public offering at 100p per share giving it a total market capitalisation of £100m.

The placing comprises 49,900,000 ordinary shares while the value of ordinary shares sold by the selling shareholders is expected to be approximately £100m.

Executive chairman Steve Parkin said: "I am delighted with the success of the offering and the strong response from investors demonstrating their support of the company's ambitious growth plans. This is a major milestone in the company's development and I look forward to the next phase as a publicly listed company with great confidence."

At 8:56am: [LON:CLG] share price was +110.5p at 110.5p

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