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Arqiva set to be UK’s largest IPO of the year… but is it worth backing?

Communication towers operator Arqiva has confirmed plans to float on the London Main Market in what will be the UK's largest IPO (initial public offering) so far this year.The group is aiming to raise £1.5bn from investors in return for a rough 25% stake in a business that will command a £6bn enterprise value, including debt. The equity component - namely the market cap of the business - is expe
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