A London bookmaker estimates telecoms equipment maker Marconi will have a market value of about £330 million sterling when "new" shares in the company start trading next week.
Shares in Marconi Corp will start trading on Monday, replacing shares in Marconi Plc as the restructuring of the company nears completion. One billion shares in Marconi Corp will be issued.
Bookmaker Financial Spreads said it is offering a spread on the value of Marconi Corp. shares at Monday's close. It said the spread currently stands at 32-34 pence per share.
Analysts said the value of Marconi Corp. is difficult to determine as it emerges from a complex restructuring.
Estimates of its market value have ranged between £200 million and £600 million, depending on uncertainty about how much of a "risk discount" to apply to the shares.