European Acquisition Capital is reported once again looking to take Leapfrog Day Nurseries, it’s April 1998 start up investment, to IPO on the London Stock Exchange. European Acquisition Capital invested €12.1m in Leapfrog and in May 2002 sought a float with an £80m price tag. This was pulled shortly before pricing when it became clear that jittery institutional investors were looking for a 25% instead of a 10% discount on the share price.