EAC to float Leapfrog

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.