According to the sources enticed with the deal, the shares of Jupiter shall be priced between 160p and 170p, from the initial range of 150p to 210p.

Twice the amount of shares is found then the demanded capacity, which is confirmed by the bankers at Bank of America Merrill Lynch and JP Morgan Cazenove, acting as the underwriters. The firm's flotation shall embark the few successful new listings in London this year as many business houses have withdrawn their initial public offerings due to the volatility swirling in the market.

However the listing got the support through the broadly positive coverage received from the equity analysts. The Broker Execution Noble in their note expressed that Jupiter is a sturdy business with a great performance tracking the sphere of investment and advised their clients to buy their shares at the mid-point price range, 180p.

The firm, Jupiter is managed and guided by its managers and private equity firms TA Associates and Alpinvest Partners who are using the flotation to sell down their holdings.

The deal will pump up between £195m and £209m for Jupiter via sale of new shares, however the existing investors will get somewhere around £100m.

Once the listing gets complete it shall be viewed as a major success against the backdrop of the hugely volatile stock market had been a graveyard for many companies' listing plans.