Swedish private equity firm EQT is planning to announce a London initial public offering (IPO) of food outlet operator SSP next week, two sources familiar with the matter said on Tuesday. Sources told Reuters at the beginning of the year that SSP, which owns brands including Caffe Ritazza and Whistlestop, could be valued at around 2 billion pounds ($3.4 billion) including debt.Goldman Sachs and Morgan Stanley are leading the listing, with Lazard advising. EQT declined to comment, while SSP was not immediately available to comment.($1 = 0.5956 British Pounds)
Morgan Stanley is a global financial services company that, through its subsidiaries and affiliates, provides its products and services to a range of clients and customers, including corporations, governments, financial institutions and individuals. Shares of MS traded higher by 0.06% or $0.02/share to $32.00. In the past year, the shares have traded as low as $23.83 and as high as $33.52. On average, 11635800 shares of MS exchange hands on a given day and today's volume is recorded at 2457682.
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