After a spate of withdrawn or deeply discounted initial public offerings, African Barrick Gold this morning priced within range, valuing the company at £2.3bn (€2.57bn), the biggest UK IPO since 2008 and the Financial News deal of the week.

African Barrick Gold, a spinoff company of Canadian miner Barrick Gold, said today that it would raise £581m in an initial public offering on the London Stock Exchange after pricing 101 million shares at 575 pence each. The initial price range had been set at between 550 and 650 pence per share.