Princes Group Plc is a British-Italian consumer foods company (brands include Princes Tuna and Napolina Pasta), intending to list on the London Stock Exchange on November 5 (conditional trading starts October 31), offering up to 84.2 million new shares at 475p–590p per share to raise about £400 million (~$535 million). The targeted post-transaction market valuation is £1.16–£1.24 billion. Proceeds are aimed at funding further acquisitions. The offering will be led by BNP Paribas, Rabobank, Peel Hunt and UniCredit. Princes is a subsidiary of Milan-listed NewPrinces SpA, which has indicated it intends to subscribe for up to £200 million of shares. The listing date is later than the initially flagged end-of-October timeline, coming amid a sluggish UK IPO market and at a valuation below the ~£1.5 billion previously discussed.