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Sabre's rewards reflect its risk

Sabre's rewards reflect its risk

Regulatory change to personal injury awards has made for a volatile year for the UK motor insurance market, but Sabre Insurance will be hoping that doesn’t deter IPO investors. The motor insurer hopes to raise net proceeds of around £206m by listing on the premium segment of the London Stock Exchange in December. The price range for the offer has been set at between 220p and 240p a share, which would give the group a market capitalisation of £550m to £600m. Retail investors can participate via intermediaries.

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