New issue Arrow Global (ARW)

I bought 2000 at 224.96.

From Naked Trader:

It's a debt collector and for the forseeable future you would reckon its services are going to be in some demand.

I like it, it seems to be growing fast. A 55% rise in revenues for the 6 months to June 30th bode very well indeed and if it can push on the current valuation has some decent upside to it I think.

I'd be surprised if there wasn't 25% upside from here in the next 6 months, maybe more.

End

Market Cap:£392 million as of today.



Arrow Global Group PLC
Initial Public Offering - Announcement of Offer Price

Arrow Global, one of the UK's largest and fastest growing consumer debt purchasers and providers of receivables management solutions today announces the successful pricing of its initial public offering (the "Offer").



· The offer price has been set at 205 pence per Ordinary Share (the "Offer Price").



· Based on the Offer Price, the market capitalisation of the Company will be approximately £357.6 million on Admission (as defined below).



· The Offer comprises 92,139,603 Ordinary Shares (the "Offer Shares") (prior to any exercise of the Over-allotment Option), representing 52.8 per cent. of the Company's Ordinary Shares that will be in issue at Admission.

Peel Hunt today reaffirms its hold investment rating on Arrow Global Group (LON:ARW) and raised its price target to 265p (from 252p).