Flotation to watch

Flotation to watch

Shares in Dailywin Group, the Hong Kong based watch manufacturer and distributor which yesterday issued its flotation prosectus, will be placed at 128p, valuing the company at £15.4m. The placing will raise £1.8m of new money for the group, net of expenses. Current shareholders will realise £900,000.

Dailywin designs and manufactures watches and watch components for a range of well known brand names.