(Refiled to fix technical error in original transmission)
By Dasha Afanasieva
LONDON, Oct 4 (Reuters) - Electra Private Equity priced the initial public share offer for its Premier AssetManagement Group on Tuesday, giving the business amarket value of 140 million pounds ($179 million) and raisinghopes of a pick-up in new UK share listings after a relativelybarren year.
It is the fifth IPO to be announced in London in the lastthree weeks, including that of private equity-owned medicalproducts maker ConvaTec, which said on Monday itplanned to raise around $1.8 billion.
In June the surprise British vote to leave the EU compoundedthe earlier uncertainty leading up to the vote, unsettling somecompanies hoping to tap equity markets after the result.
But some bigger listings are now back in the pipeline, with Telefonica's IPO for O2 UK expected in the comingmonths and BGL Group, the parent company of price comparisonswebsite Comparethemarket, set for a London debut early nextyear.
Last month Electra Private Equity announced a 266 millionpound IPO of Britain's biggest ten-pin bowling operator, theonly listing on the main London exchange in Q3.
Prior to this, Pure Gym, said it would raise 190million pounds in London.
But so far most of the London IPOs have been small. Six ofthe seven UK listings in the third quarter of the year were onthe junior AIM market.
Accounting and consultancy services firm EY said largerbusinesses decided to postpone their listings during this periodof heightened uncertainty over how and when the government wouldproceed in negotiating Britain's divorce from the EU.
On Sunday Prime Minister Theresa May announced she wouldtrigger the start of formal negotiations by the end of March.
"Although many of the businesses that have put their listingplans on hold are still set to revise their IPO timetables, therecovery in market pricing has made the IPO option attractiveonce again," EY's third-quarter report said, adding that anumber of large IPOs remain in the pipeline.
Some banks interpreted Prime Minister's comments made aroundher announcement on Sunday as indicating that Britain could beheading for a "hard Brexit" meaning Britain could abandon theEU's customs union, give up on seeking preferential access tothe single market, in order to take back its controls over immigration from the bloc. ($1 = 0.7841 pounds) (Additional reporting by Noor Zainab Hussain; Editing by GregMahlich)
