Insurer esure eyes £1.1 billion valuation in market debut

LONDON (Reuters) – British home and motor insurer esure expects to be valued at around 1.1 billion pounds when it makes its London stock market debut this month, it said on Friday. Esure, which insures about 5 percent of Britain’s motorists, set a price range of 240 pence to 310 pence per share for the offering, in which it plans to float up to half of its shares. After years of subdued listing activity due to the financial crisis, London has seen a resurgence in companies seeking to sell shares on its markets this year. …

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