Caffe Nero expects to float next month valuing the Italian coffee chain at about £44m.
The £10m cash it expects to raise would enable it to open another 55 outlets, taking it to 98. It envisages 250 longer-term.
It has outlets in London, Durham, Leeds, Brighton and Bristol and it is planning to move into Scotland with Edinburgh to open soon.
Financial Times 18/09/00 page 28
